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ABC HAS A BOND WITH A 10-YEAR MATURITY, SEMI ANNUAL COUPON OF 8% HAS A PRICE...

ABC HAS A BOND WITH A 10-YEAR MATURITY, SEMI ANNUAL COUPON OF 8% HAS A PRICE OF 933.00 WHAT IS YTM ON THIS BOND? **PLEASE USE EXCEL**

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Answer #1
                  K = Nx2
Bond Price =∑ [(Semi Annual Coupon)/(1 + YTM/2)^k]     +   Par value/(1 + YTM/2)^Nx2
                   k=1
                  K =10x2
933 =∑ [(8*1000/200)/(1 + YTM/200)^k]     +   1000/(1 + YTM/200)^10x2
                   k=1
YTM% = 9.03

=RATE(10*2,8*1000/(2*100),-933,1000,,)*2

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