Use the following data to calculate Yield to Maturity$($YTM$)$of the corporate bond with

the following character$$static$.$Express the result to two decimal places. Show all your

c$$glasses$<font><font>.</font></font>$You can use Excel to answer the problem.

Face Value $$1,0\mathrm{<font><font>0</font></font>}\mathrm{<font><font>0</font></font>}$

Coupon Rate $7\%$

Cash Flow $$\mathrm{<font><font>7</font></font>}\mathrm{<font><font>0</font></font>}$

For example$\mathrm{<font><font>1</font></font>}\mathrm{<font><font>0</font></font>}$

Market Value $$\mathrm{<font><font>1</font></font>}<font><font>,</font></font>\mathrm{<font><font>0</font></font>}25$

 

 what is YTM $?$