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===> ?