You notice that the price of a 4.0% coupon,12-year Treasury Note is priced at 90:16 in the Wall Street Journal.What is the bond's yield to maturity?

Name: You notice that the price of a 4.0% coupon,12-year Treasury Note is priced at 90:16 in the Wall Street Journal.What is the bond's yield to maturity?
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90:16 = 90 + 16/32 = 90.5 ====> $905 20 ( (1/y)- ((1/.y)´ (1+ y)^-24))+ 1,000 (1 + y)^-24 = 905 y = .02535====> 2 ´ y = 5.07%

You Notice That the Price of a 4