Azero-coupon bond with face value $1,000 and maturity of four years sells for $756.22. a. what is its yield to maturity? (round your answer to 2 decimal places.) yield to maturity % b. what will the yield to maturity be if the price falls to $740? (round your answer to 2 decimal places.) yield to maturity %

a. 7.24%

b. 7.82%

Explanation:

In this question, we use the Rate formula which is shown in the spreadsheet.  

The NPER represents the time period.

Given that,  

Present value = $756.22

Future value = $1,000

NPER = 4 years

PMT = $0

The formula is shown below:

= Rate(NPER;PMT;-PV;FV;type)

The present value come in negative

So, after solving this, the answer of part A is 7.24%

For Part B

Given that,  

Present value = $740

Future value = $1,000

NPER = 4 years

PMT = $0

The formula is shown below:

= Rate(NPER;PMT;-PV;FV;type)

The present value come in negative

So, after solving this, the answer of part A is 7.82%

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