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就前面一道题的第二小问

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就前面一道题的第二小问
imagine that the market yield to maturity for three-year bonds in a particular risk class is 12%.You buy a bond in that risk class which offers an annual coupon of 10% for the next three years,with the first payment in one year The bond will be redeemed at par(£100)in three years.
how much would you pay for the bond
if you paid £105 what yield to maturity would you obtain?
就前面一道题的第二小问
如果现价是105,以后三年每年年底获得10的coupon,三年后获得100本金,
那么计算YTM,用金融计算器,或者在excel中输入:
=RATE(3,10,-105,100)
计算得,未来三年的YTM是8.06%,近似的就是8%