Answer:
The yield to maturity is 8.65%
Explanation:
The computation of the yield to maturity is as follows:
Given that
Future value = $1,000
Present value = $436.19
NPER = 10 years
PMT = $0
The formula is shown below:
=RATE(NPER;PMT;-PV;FV;TYPE)
The present value comes in negative
After applying the above formula, the yield to maturity is 8.65%
Hence, the yield to maturity is 8.65%
