Hello,
I need some clarification on the Yield to Maturity Formula in relation to Managerial Finance II, Assigment 4, Question 2.
The text book is very confusing and doesn't do the best job breaking the formula down. After searching online for many different YTM formulas and calucators, I can't seem to figure out which formula to use.
Can anyone help by clarifying the actual formula used? I am finding the text book to be useless.
Thanks in advance.