Bare trees united issued 20 year bonds 3 years ago at a coupon rate of 8.5 percent. The bonds make semiannual payments. If these bonds sell for 91.4 percent of par value, what is the ytm? Could you please show how to find this by using Excel? Thank you :)

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Bare trees united issued 20 year bonds 3 years ago at a coupon rate of 8.5 percent. The bonds make semiannual payments. If these bonds sell for 91.4 percent of par value, what is the ytm?

Could you please show how to find this by using Excel? Thank you :)

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