Question: please solve using microsoft excel and show formulas if possible. 13. On 15 May 1985 the U.S. Treasury issued a bond maturing 15 November 2014.

please solve using microsoft excel and show formulas if possible. please solve using microsoft excel and show formulas if possible. 13. On

13. On 15 May 1985 the U.S. Treasury issued a bond maturing 15 November 2014. The bond had a coupon rate of 11.75%, payable semiannually on 15 November and 15 May. On 23 January 2005 a $1,000 face-value bond was selling for $1356.20. This price does not include the accrued interest. The bond is callable at par starting 15 November 2009. Compute the following: a. The bond's yield to maturity (YTM). b. The bond's yield to first call (YTC)

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