This problem needs to be completed with an excel formula to be correct. Cannot answer with a number. must be like =D8*D9. for example.

Thank you

I know the answer is 6.26 I don't know how to use those numbers in one formula to get it.

? 0 X Sign In x H 5 - Calculating yield to maturity - Excel FILE HOME INSERT PAGE FORMULAS DATA REVIEW VIEW X Calibri 11 A A % BIU 9 A - Alignmenumbeconditio Format Cell Cells Formattir as Styles Clipboard Font Styles 19 Paste X D E F G H I J K 1 2 3 Chamberlain Co. wants to issue new 20-year bonds for some much-needed expansion projects. The company currently has 7 percent coupon bonds on the market that sell for $1,083, make semiannual payments, and mature in 20 years. What coupon rate should the company set on its new bonds if it wants them to sell at par? 4 5 6 7 8 Settlement date Maturity date Annual coupon rate Coupons per year Redemption value (% of par) Bond price (% of par) 1/1/2000 1/1/2020 7% 2 100 108.3 9 10 11 12 13 14 Complete the following analysis. Do not hard code values in your calculations. Leave the "Basis" input blank in the function. You must use the built-in Excel function to answer the bond price questions. 15 16 Yield to maturity 17 18 19 > Sheet1 # READY Attempt(s) +100% Hint