Evans Emergency Response bonds have 7 years to maturity. Interest is paid semiannually. The bonds have...

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Evans Emergency Response bonds have 7 years to maturity. Interest is paid semiannually. The bonds have a $1.100 par value and

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Answer 1

Answer #1

Calculation of yield to maturity is shown below

B C D E F G 1 Yield to maturity is where current price of bond is equal to present value of coupon rate and present value of

Following shows working

А 2 Using the rate function in excel we can calculate Yield to Maturity 3 4 No of payments (NPER) 5 Coupon amount (PMT) 6 Par

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Answer 2

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