Question: 9. Joon-won is trying to solve the following question using the Excel. Please check it out and correct anything wrong for the right answer.

9. Joon-won is trying to solve the following question using the Excel. Please check it out and correct anything wrong for the right answer. Parkway Void Co. issued 20-year bonds two years ago at a coupon rate of 5.4 percent. The bonds make quarterly payments. If these bonds currently sell for 106 percent of par value, what is the YTM and EAR? Double click the below and open it. Par value 100 Price 106 Years to Maturity 20 Coupon rate 5.40% YTM EAR 2.46% 5.47%

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