Question: how to calculate the YTM. PLEASE DO NOT USE EXCEL. THANKS Question 3 (20 marks) As a financial manager, you need to review the cost

how to calculate the YTM. PLEASE DO NOT USE EXCEL. THANKS

Question 3 (20 marks) As a financial manager, you need to review the cost of capital for HK Express Ltd. The accounting department has provided you the latest financial data as follows: Long Term 7,000 5% coupon bonds outstanding, issued 5 years ago with 10 years Debt: left to maturity, interest paid semiannually and par value of $1,000. These bonds are currently trading at par value in the market

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