Dear R helpers
I am calculating the 'Yield to Maturity' for the Bond with following
characteristics.
Its a $1000 face value, 3 year bond with 10% annual coupon and is priced at
101. The yield to maturity can be calculated after solving the equation -
1010 = [100 / (1+ytm)] + [100 / (1+ytm)^2] + [ 1100 / (1 + ytm)^3]
This can be solved by trial and error method s.t. ytm = 9.601%.
My query is (1) if there is any R package which will calcualte ytm or (2) is
there any method in 'R' which can solve the above equation.
Thanking you all in advance
Regards
Madhavi
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