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 Write it with your own words please within 200 300 words, dont copy paste please from others, Write the answers with the explanation as TYPED not as picture

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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

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

Write it with your own words please within 200-300 words, dont copy paste please from others, Write the answers with the explanation as TYPED not as picture

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