Question $4$

What is the YTM $(r_d)$ of a $15-$year bond making semi$-$annual coupon

$($interest$)$ payments of $$35,$ face value of $$1000$ and current price $($PV$)$

of $$1041\mathrm{.}58?$

Express your answer as a percentage to two decimal places. If your

answer is $12\mathrm{.}34\%,$ enter $12\mathrm{.}34.$

NOTE: since NPER and PMT will be in semi$-$annual terms, your RATE

will be the semi$-$annual YTM$.$ Multiply by $2$ to get the annual YTM$.($The

standard in the market for bonds with semi$-$annual coupon payments

is to express the YTM as an APR with semi$-$annual compounding$--$aka

the semi$-$annual YTM $2.)$

Express your answer as a percentage to two decimal places. If your

answer is $12\mathrm{.}34\%,$ enter $12\mathrm{.}34.$