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Not done using excel.
A semi-annual coupon bond has a 6 percent coupon rate, a $1,000 face value, a current value of $1,036.09, and 3 years until t
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Answer #1

YTC = Couporadalur Pure forte YTC = - Coupon + 9 (CallValue-Purchase Price) noof years (CallValue+Purchase Price)

Let Call Value be C

60+ (C-1036.09) 0.065 = (C+1036.09)

C + 1036.09 180 + C - 1036.09) 0.065*

0.09750 + 101.018775 = 0 - 856.09

0.9025 C = 957.108775

C = 957.108775/ 0.9025

= $ 1060.51

Call Value is $ 1060.51

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