How do I calculate yield-to-maturity (YTM) with a simple handheld calculator?
do we multiply n by 2?
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That would work, but you also need to divide the interest rate by 2. That is, each year, the value increases by the factor (1+I/2)(1+I/2) instead of by the factor (1+I). Note that (1+I/2)(1+I/2) = 1 + I + (I/2)^2 and so you could also just change I to I+(I/2)^2 and keep the number of periods the same – Dilip Sarwate Apr 11 '14 at 04:31
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And having no power to change your great comment to an answer, I'll just suggest it here. It's 90% of the way there, just add tiny bit more. Your decision. – JTP - Apologise to Monica Apr 11 '14 at 17:19