Question: please show your calculations 3. Using the approximate formula for YTM, find the approximate yield to maturity for the following bond with 10% coupon rate

please show your calculations please show your calculations 3. Using the approximate formula for YTM, find

3. Using the approximate formula for YTM, find the approximate yield to maturity for the following bond with 10% coupon rate if the market price is given in the table. Show some of your work. Years to Face value Bond Price Approx. YTM Maturity 4 1000 1100 5 1000 1050 1000 1000 8 1000 750 o o on A

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