Spreadsheet to calculate yield to maturity
Using a Spreadsheet to Calculate Yield to Maturity. What is the yield to maturity on the following bonds; all have a maturity of 10 years, a face value of $1,000, and a coupon rate of 9 percent (paid semiannually). The bonds’ current market values are
$945.50, $987.50, $1,090.00, and $1,225.875, respectively. Answers: Market Value $945.50; YTM = 9.87% $987.50; YTM = 9.19% $1,090.00; YTM = 7.69% $1,225.875; YTM = 5.97% I already know the answers to these problems and I can easily calculate them using the
Texas Instruments BA II PLUS Financial Calculator. However, I do not know how to get the above answers using Microsoft EXCEL 2010. Can you do a spread sheet using the above information in the problem stem and then explain in detail each step of how you enter
the information in EXCEL and then what drop down menu and keys in Microsoft EXCEL 2010 to press to get the final Yield to Maturity for each of the different bond values listed above?
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