Current price=Face value/(1+YTM/2)^(2*time period)
4481.74=10,000/(1+YTM/2)^(2*21)
(1+YTM/2)^42=10,000/4481.74
(1+YTM/2)=(10,000/4481.74)^(1/42)
1+YTM/2=1.01929264
YTM=[1.01929264-1]*2
=3.86%(Approx).
MC algo 6-30 Zero Coupon Bond YTM There is a zero coupon bond that sells for...
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