Calculation of yield to maturity:-
=RATE(20,7.4%*1000,-740,1000)
=10.57%
Price one year from now:
=PV(10.57%,19,7.4%*1000,1000)
=744.25
Capital gain:
=744.25-740
=4.25
=0.57%
A bond has a par value of $1,000, a time to maturity of 20 years, and...
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