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Business, 01.03.2021 21:50 alisonlebron15

EJ Corp bond carries a 9 percent coupon, paid semi-annually. The par value is $1,000, and the bond matures in 12 years. If the bond currently sells for $905.50 (PV), what is its yield to maturity? Enter PV as a negative number. Calculate equal 24 payments ($1,000*.09/2) and enter.
Remember the last payment is the return of principal plus PMT. Use IRR(cash flows).
Time Payment Periods Cash Flow
Today 0 Pv>= ?
1 ?
2 ?
3 ?
4 ?
5 ?
6 ?
7 ?
8 ?
9 ?
10 ?
11 ?
12 ?
13 ?
14 ?
15 ?
16 ?
17 ?
18 ?
19 ?
20 ?
21 ?
22 ?
23 ?
Add FV to PMT= 24 ?
IRR=> ?
The YTM is 2*IRR===> ?

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EJ Corp bond carries a 9 percent coupon, paid semi-annually. The par value is $1,000, and the bond m...
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