ABCDEFGHIJKLMNOPQRSTUVWXYZ
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Yield to Maturity (IRR)
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Year
Cash Flow
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Price0.0 -1037.21037.20
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Principal10000.5 4038.84
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Annual Coupon Rate8%1.0 4037.70
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1.5 4036.61
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2.0 1040924.05
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1037.20
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YTM3%
<- =IRR(E3:E7,0.01)
IRR = y/2 -> y = 2*IRR = 0.06
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YTM-Goal Seek6%
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