Question: Using the approximate formula for YTM, find the approximate yield to maturity for the following bond with 10% 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 10% coupon rate if the market price is given in the table. Show some of your work.

Years to Maturity

Face value

Bond Price

Approx. YTM

4

1000

1100

5

1000

1050

6

1000

1000

8

1000

750

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