Question: Calculate using google sheets please: Emma purchased an IOU from Prof. Ozsoz on 3/12/2022 by paying $95. The IOU has a face value of $100
Calculate using google sheets please: Emma purchased an IOU from Prof. Ozsoz on 3/12/2022 by paying $95. The IOU has a face value of $100 and matured on 3/12/2023. The IUO also paid a coupon of $3 on 9/12/2022. Calculate Emma's yield to maturity on this IOU.
1.21%
4.35%
6.23%
8.55%
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