First, you have to do problem 4-9 using a financial calculator
Yield to Maturity and Present Value of a Bond. The yield to maturity is found in the present value of a bond formula: For calculating yield to maturity, the price of the bond, or present value of the bond, is already known. Calculating YTM is working backwards from the present value of a bond formula and trying to determine what r or i is. ................
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