Caculation
ANSWER：
we have
Par-value: $1000
Coupon: 9% ;
Suppose the T-notes’s current price is $900.
Using a financial calculator reveals that the yield to maturity (YTM) is 10.26 percent. The calculated YTM should be compared with the expected yields on other loans and investments that might be acquired in order to determine where the best possible rate of return lies.
