Question

Use the “YIELD” function in Excel to find the yield to maturity of a bond with...

Use the “YIELD” function in Excel to find the yield to maturity of a bond with the following characteristics. The yield to maturity on this bond is over 7%.

Settlement

5/17/2018

Maturity

5/17/2028

Rate

5%

Price

90

Redemption

100

Frequency

2

Basis

0

TRUE OR FALSE

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Answer #1

False

yield is 6.37%

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