Question: PLEASE SOLVE USING EXCEL FORMULA ONLY!! Determine the YTM ( expressed as an effective annual rate ) for the following discount bond ( i .

PLEASE SOLVE USING EXCEL FORMULA ONLY!! Determine the YTM (expressed as an effective annual rate) for the following discount bond (i.e. the bond does not pay any coupons):
Face Value: $1,000
Current Price: $737.11
Years to Maturity: 20

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