4-14 Bond yields WARNING Calculating YTM by hand can be very tedious It is highly recommended that you learn to use the irR or YTM' or i functions on a financial calculator Irwin/McGraw-Hill CThe McGraw-Hill Companies, Inc, 2001©The McGraw-Hill Companies, Inc.,2001 4- 14 Irwin/McGraw-Hill Bond Yields WARNING Calculating YTM by hand can be very tedious. It is highly recommended that you learn to use the “IRR” or “YTM” or “i” functions on a financial calculator