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 $\frac{1}{1}\frac{?}{2023}$ 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.