Question: How would compute the answer using excel formula =rate Question 5. Linville Corporation issued 15-year, par $1,000 bonds ten years ago at a coupon rate

How would compute the answer using excel formula =rate

How would compute the answer using excel formula =rate Question 5. Linville

Question 5. Linville Corporation issued 15-year, par $1,000 bonds ten years ago at a coupon rate of 6 percent. The bonds make semi-annualpayments. If these bonds currently sell for 90 percent of par value, what is its yield to maturity (YTM)

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