Fill in the table below for the following zero coupon bonds. The face
value of each bond is $1000.
Price            Maturity             Yield to Maturity
$300                30                    ?
$300                 ?                    8%
?                    10                   10%

Hatenumbers --

Each of these takes advantage of the formula:

Price * (1.X)^years = $1,000

where, x = percentage (in decimals)
^ years = is the settlement price raised as an exponent (the ^ sign) each year
and $1,000 is the bond price at maturity

It means that you'll need to take roots.  In question #1 you'll be
taking the 30th root on your calculator -- or you can use the POWER
function in Microsoft Excel and raise a number to the 1/30 POWER
(which is the same thing).

I've showed the progress and done the work partially in Excel here. 
This should be viewable in any browser, even if you don't have Excel:
http://www.mooneyevents.com/YTM1.xls

Excel has some YIELD and TBILLYIELD functions that do the same thing
but requires that you have the Analysis Toolpak loaded.  Even then, I
couldn't get the TBILL functions to work.

Best regards,

Omnivorous-GA

This is great information.  Can you expand a bit on how you go "B". 
Even on your spreadsheet I had difficulty understanding the formula.

Thanks
ZC

Specifically the 1/x = .064

I have tried every combination of calculations I can think of for this
and don't understand it in the least.

ZC