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1) Use the YIELD function in Excel to calculate the Yield to Maturity. Verify in Excel that you calculated the right yield by adding up the discounted individual cash flows with the result from the YIELD function (use 30/360 day count).

1) Use the YIELD function in Excel to calculate the Yield to Maturity. Verify in Excel that you calculated the right yield by adding up the discounted individual cash flows with the result from the YIELD function (use 30/360 day count).

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Part 1: Consider the following note that pays coupons on a semi-annual basis. Note matures 8/15/2031 with a coupon rate of 4.75%. Settlement date is 12/15/2023 and the quoted price is 102-7 (percent of par with fraction in 32nds). ● ● you 1) Use the YIELD function in Excel to calculate the Yield to Maturity. Verify in Excel that calculated the right yield by adding up the discounted individual cash flows with the result from the YIELD function (use 30/360 day count).
Transcribed Image Text:Part 1: Consider the following note that pays coupons on a semi-annual basis. Note matures 8/15/2031 with a coupon rate of 4.75%. Settlement date is 12/15/2023 and the quoted price is 102-7 (percent of par with fraction in 32nds). ● ● you 1) Use the YIELD function in Excel to calculate the Yield to Maturity. Verify in Excel that calculated the right yield by adding up the discounted individual cash flows with the result from the YIELD function (use 30/360 day count).
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