The yield to maturity on a bond can be calculated using the IRR function Enter the bond price as a negative number, and the coupons (on a semiannual basis) and maturity value as cash flows Use the spreadsheet formula IRR (Al An) where n is the last cell with a cash flow Calculate, using the spreadsheet, the ytm for a six year, 7 percent coupon bond currently selling for $949 75

Question: The yield to maturity on a bond can be calculated using the IRR function. Enter the bond price as a negative number, and the coupons

The yield to on a bond can be calculated using the IRR function. Enter the bond price as a negative number, and the coupons (on a semiannual basis) and value as cash flows. Use the spreadsheet formula = IRR (Al: An) where n is the last cell with a cash flow.
Calculate, using the spreadsheet, the ytm for a six year, 7 percent bond currently selling for $949.75.

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