Question: Using the offering price found in step 3 and assuming the FV = 100 what is the YTM of your bond on offering (This means
Using the offering price found in step 3 and assuming the FV = 100 what is the YTM of your bond on offering (This means to compute the YTM as if today was the offering date, show all work).
I can't find the N in the equation please help me.
C=5.750
FV=100
PV=100.3
N= ?
Offering date: 4/11/2003
Coupon rate: 5.750%
Payment frequency: semi-annual
Offering: $100,000.00
Maturity date: 04/15/2023
Offering price: $100.03
As of today's date 11/3/2022
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