The willow company bond currently sells for 97823 has a 7, Financial Management

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The willow company bond currently sells for 97823 has a 7

The Willow Company bond currently sells for $978.23, has a 7% coupon interest rate and a $1,000 par value, pays interest semiannually, and has 15 years to maturity. What is the yield of maturity (YTM) on this bond? Note: Do not use the approximation, instead use the Excel function for rate to solve the for the exact number. Be sure to adjust for the semiannual coupons.?????????????????????????? Show excel formula.

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Financial Management: The willow company bond currently sells for 97823 has a 7

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Financial Management: The willow company bond currently sells for 97823 has a 7

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