Question - A bond sold by NVDIA Corp. has a face value on $100, a coupon payment of $6 per year, and a maturity of 4 years. The first coupon payment occurs a year from now. The market price is $80, what is the YTM?
You can use Excel's IRR function to solve this one. There will be 4 cash flows for the 4 years of $6, $6, $6 and $106.