Question: 1. Using the offering price found in step 3 and assuming the FV = 100 what is the YTM of your bond on offering Offering

1. Using the offering price found in step 3 and assuming the FV = 100 what is the YTM of your bond on offering

Offering: 07/27/1998 / Maturity Date: 08/01/2028

Offering price: $99.62

Face value:100

Coupon rate: 8.55%

Coupon amount: = $8.55

Coupon Amount (semi-annual) = $4.275

2. Compute the using the information found in step 3, compute the current YTM

show your work not through excel

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