Question: Using the approximate formula for YTM, find the approximate yield to maturity for the following bond with 5% coupon rate if the market price is

  1. Using the approximate formula for YTM, find the approximate yield to maturity for the following bond with 5% coupon rate if the market price is given in the table. Show your work.

Years to Maturity

Face value

Bond Price

Approx. YTM

4

1000

1500

5

1000

1250

6

1000

1000

8

1000

800

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