The $1,000 face value bonds of jasper international have a 7.5 percent coupon and pay interest annually. currently, the bonds are quoted at 98.27 and mature in 3.5 years. what is the yield to maturity?

8.09%

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 = $1,000 × 98.27% = $982.70

Assuming figure - Future value or Face value = $1,000  

PMT = 1,000 × 7.5% = $75

NPER = 3.5 years

The formula is shown below:  

= Rate(NPER,PMT,-PV,FV,type)  

The present value come in negative  

So, after solving this,  the answer would be 8.09%

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