Question: Please answer by first giving the right formulas (without numbers) and then computing the numerical answers and results. Microsoft, Incorporated bond has a coupon rate
Please answer by first giving the right formulas (without numbers) and then computing the numerical answers and results.
Microsoft, Incorporated bond has a coupon rate of 8.5%, matures in 12 years, and sells for $835.60 (coupons are paid on a semi-annual basis). What is the YTM for this Microsoft, Inc. Corporate Bond?
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