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Meadham enterprises bonds currently sell for $ 1,075 and have par value at 1000. The pay...

Meadham enterprises bonds currently sell for $ 1,075 and have par value at 1000. The pay 80 annual coupon and have a 15 year maturity but they can be called in 5 years at 1100. What is YTC

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Answer #1
YTC =rate(nper,pmt,pv,fv)
= 7.84%
Where,
nper = 5
pmt = $ 80.00
pv = $ -1,075.00
fv = $   1,100.00
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