You have a bond that has a Face Value of $100 and coupon rate of 3.5% paid semi-annually and maturity in 8 years. The price of the bond is $102.40. What is its YTM? [You can use the Excel YIELD function. Enter your answer as a %, that is if you answer is 3.29%, you should enter 3.29.

You have a bond that has a Face Value of $100 and coupon rate of 3.5% paid semi-annually and maturity in 8 years. The price of the bond is $102.40. What is its YTM? [You can use the Excel YIELD function. Enter your answer as a \%, that is if you answer is 3.29%, you should enter 3.29