3. ? 5 x SILE Calculating yield to maturity - Excel FORMULAS DATA REVIEW HOME INSERI PAGE LAYOUT VIEW Sign In X Calibri 11 M Paste B I U - AA % A Alignment Number Conditional Format as Cell Formatting Table Styles Styles - Cells Editing Opbouwd Font A1 X fo A B C D E M K 1 Chamberfain Co wants to issue new 20-year bonds for some much-needed expansion projects The company currently has 7 percent coupon bonds on the market that sell for $1,083, make semiannual payments and mature in 20 years. What coupon rate should the company set on its new bonds if it wants them to sell at par? 5 6 7 8 9 Settlement date Maturity date Annual coupon rate Coupons per year Redemption value (% of par) Bond price (% of par) 1/1/2000 1/1/2020 7% 2 100 108 3 10 11 12 13 14 Complete the following analysis. Do not hard code values in your calculations. Leave the "Basis" input blank in the function. You must use the built-in Excel function to answer the bond price questions. Yield to maturity 15 16 17 18 19 Sheet1