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Unformatted text preview: t )/r] + F/(1+r) t Solving for r , we get: 1,030 = 39[(1 - 1/(1+r) 16 )/r] + 1,000/(1+r) 16 From here you can either guess-and-check for r or you can perform the following calculator solution Calculator Solution: 16-1,030 39 1,000 N I/Y PV PMT FV 3.64915876 YTM = 3.64915876 x 2 (semi-annual) = 7.29831752 Notes: none...
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This note was uploaded on 05/26/2011 for the course FINA 3000 taught by Professor Laplante during the Spring '08 term at University of Georgia Athens.
- Spring '08
- Corporate Finance