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(YTM w/semi annual payments) A corporate bond is priced at $1,159.25. It has a coupon rate...

(YTM w/semi annual payments) A corporate bond is priced at $1,159.25. It has a coupon rate of 5.5%, matures in 30 years, and has a face value of $1,000. What is the bonds yield to maturity?

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Answer #1

Bonds yield to maturity is calculated using the RATE function:-

=RATE(nper,pmt,pv,fv)

=RATE(30*2,5.5%/2*1000,-1159.25,1000)*2

=4.52%

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