Documentos de Académico
Documentos de Profesional
Documentos de Cultura
Or you can let the spreadsheet undertake the trial-and-error process using
"goal seek" (under Tools). For example, if the price is $945:
(1) in "Set cell" enter the cell that shows price (here C22).
(2) in "To value" enter the price ($945)
(3) in "By changing cell" enter the cell that will show yield (here C21)
F8: Effect of current yield on long-term price. Notice that the discount for a bond (which occurs when the coupon rate is
below current yield) is much greater for a long-term bond than for a bond close to maturity.
C22: How yield is computed. If you know a bond's price, you can figure out its yield.
This requires a process of trial-and-error. You can enter estimates of yield in the spreadsheet and adjust them so that the
formula produces the current price.
Or you can let the spreadsheet undertake the trial-and-error process using "goal seek" (under Tools). For example, if the
price is $945:
(1) in "Set cell" enter the cell that shows price (here C22).
(2) in "To value" enter the price ($945)
(3) in "By changing cell" enter the cell that will show yield (here C21)