Question: PLS SOLVE THIS USING MICROSOFT EXCEL, SHOW THE FUNCTION USED There is a bond that has a quoted price of 105.957 and a par value
PLS SOLVE THIS USING MICROSOFT EXCEL, SHOW THE FUNCTION USED
There is a bond that has a quoted price of 105.957 and a par value of $2,000. The coupon rate is 6.90 percent and the bond matures in 24 years. If the bond makes semiannual coupon payments, what is the YTM of the bond?
THE ANSWER IS 6.41% BUT I NEED TO SHOW IT USING MICROSOFT EXCEL
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