Question: Please help me solve it as an Excel Formula: A Japanese company has a bond outstanding that sells for 91.53 percent of its 100,000 par

Please help me solve it as an Excel Formula:

Please help me solve it as an Excel Formula: A Japanese company

A Japanese company has a bond outstanding that sells for 91.53 percent of its 100,000 par value. The bond has a coupon rate of 3.4 percent paid annually and matures in 16 years. What is the yield to maturity of this bond? 1/1/2000 1/1/2016 3.4% Settlement date Maturity date Annual coupon rate Coupons per year Face value (% of par) Bond price (% of par) Face value 1 100 91.530 100,000 Complete the following analysis. Do not hard code values in your calculations. Leave the "Basis" input blank in the function. You must use the built-in Excel function to answer this question. Yield to maturity

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