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102_INTRODUCTION TO FINANCE (SUMMER 1 2020 Viserion, Inc., is trying to determine its cost of debt. The firm has a debt issue
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Answer #1

Yield to maturity is calculated using the RATE function as follows:-

=RATE(nper,pmt,pv,fv)*(1-tax rate)

=(RATE(22*2,4%/2*1000,-92%*1000,1000)*2)*(1-20%)

=3.66%

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