Solved: Determine the ytm, The bonds make semiannual payments. If these bonds currently sell for, Finance Basics

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Determine the ytm

Task:

Please explain how to do the following on a spreadsheet. I am having difficulty in doing this.

Furst Co. issued 12-year bonds 2 years ago at a coupon rate of 8.4 percent. The bonds make semiannual payments. If these bonds currently sell for 87 percent of par value, what is the YTM?

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Finance Basics: Determine the ytm

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