Homework Answers
using excel RATE function
Yield = RATE(number_of_periods, payment_per_period, present_value, [future_value], [end_or_beginning], [rate_guess])
=>
a)
Yield = RATE(10,80,-770,1000)
= 12.08%
b)
Yield = RATE(10,80,-875,1000)
= 10.04%
c)
Yield = RATE(10,80,-1000,1000)
= 8%
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