The coupon rate is 350 percent paid semiannually what is
A Treasury bond with the longest maturity (30 years) has an ask price quoted at 104.9375. The coupon rate is 3.50 percent, paid semiannually. What is the yield to maturity of this bond?
Please explain each step thoroughly and if possible, use Excel.
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a treasury bond with the longest maturity 30 years has an ask price quoted at 1049375 the coupon rate is 350 percent
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