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Practice 7.3 Finding the YTM You can use the YIELD function in Excel to calculate the yield to maturity of a bond. Suppose we have

Practice 7.3 Finding the YTM You can use the YIELD function in Excel to calculate the yield to maturity of a bond. Suppose we have a bond with the following characteristics. What is the YTM of the bond?

Years to maturity 8

Settlement date:

Maturity date:

Annual coupon rate: 7.50%

Bond price (% of par): 98.120

Face value (% of par): 100

Coupons per year: 2

Yield to Maturity (YTM):

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Practice 7.3 Finding the YTM You can use the YIELD function in Excel to calculate the yield to maturity of a bond. Suppose we have a bond with the following characteristics. What is the YTM of the bond? Years to maturity 8 Settlement date: Maturity date: Annual coupon rate: 7.50% Bond price (% of par): 98.120 Face value (% of par): 100 Coupons per year: 2 Yield to Maturity (YTM)

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