Question: 5. Calculate the YTM based on the information provided and explain the difference between the Yield to Maturity rate and the original coupon rate. YTM

5. Calculate the YTM based on the information provided and explain the difference between the Yield to Maturity rate and the original coupon rate.

YTM Bond Details: A bond is currently selling for $850 for 15 years until it matures. The bond has a current coupon rate of 6% and makes payments semi-annually. You purchased the bond today 1/1/2023 as your settlement date and you are interested in knowing what the YTM will be.

**Note, when calculating the YTM the bond price (% of par) and face value (% of par) will not be percentages, please use numbers for their respective section. The Yield Calculation is already built into Excel, all you have to do is type is =yield.

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