Question: I have a big problem with this exercise. When I do the calculation both, in EXCEL with the RATE formula and in YTM calculators on
I have a big problem with this exercise. When I do the calculation both, in EXCEL with the RATE formula and in YTM calculators on the internet, the result I always get in the Bond 3 is a YTM of 6.163%. The official solution is that the Bond 3 has a YTM of 3.9%, which is logical cause the higher the price of the bond, the lower its YTM should be, regardless of its coupon. So, could you tell me what I'm doing wrong? Or is the official solution the wrong one?
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