K = Nx2 |
Bond Price =∑ [(Semi Annual Coupon)/(1 + YTM/2)^k] + Par value/(1 + YTM/2)^Nx2 |
k=1 |
K =19x2 |
1877 =∑ [(7.3*2000/200)/(1 + YTM/200)^k] + 2000/(1 + YTM/200)^19x2 |
k=1 |
YTM% = 7.93 |
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