Evans Emergency Response bonds have 6 years to maturity. Interest is paid semiannually. The bonds have...

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Evans Emergency Response bonds have 6 years to maturity. Interest is paid semiannually. The bonds have a $1.500 par value and

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Answer 1

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Function Arguments RATE Nper 6*2 12 Pmt 1500*8%/2 60 Pv -1096.59 -1096,59 1500 Fv 1500 ol Type 0.074716137 Returns the intere

Hence, Annual yield to maturity is 14.94% (7.47%*2)

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