Question: Problem 1: Using a Spreadsheet to Calculate Yield to Maturity What is the yield to maturity on the following bonds; all have a maturity of

Problem 1: Using a Spreadsheet to Calculate Yield to Maturity
What is the yield to maturity on the following bonds; all have a maturity of 10 years and a face value of
$1,000, and a coupon rate of 9 percent (paid semiannually). The bonds' current market values are $945.50,
$987.50, $1,090.00, and $1,225.875, respectively.
Market Total Coupon Periodic Coupon Face SEMI-ANNUAL => Yield to
Value (PV) Payments (NPER) Rate (ANNUAL) Payment (PMT) Value (FV) YTM (RATE) Maturity
$945.50 20 9% $45 $1,000 = FUNCTION
$987.50 20 9% $45 $1,000 =
$1,090.00 20 9% $45 $1,000 =
$1,225.875 20 9% $45 $1,000 =

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