Goal seek multiple cells
Author: l | 2025-04-23
Can you embedd goal seek into a formula so that multiple cells can be goal seeked rather than a single cell at a time ? If not is there another function that could achieve the same outcome? Goal seek multiple cells Executing goal seek for multiple cells requires accessing the feature, entering required data, and running the goal seek process. Best practices for goal seeking in multiple cells include using realistic goals, verifying accuracy, and
Using Goal Seek on Multiple Cells
This article and video will outline one approach to generate a Goal Seek across multiple columns in Excel. As per the following screenshot, we have a standard financial model. It is calculating down to EBITDA, and referencing from our input sheet.This financial model is calculating down to EBITDAThe standard Goal Seek tool in Excel only permits users to seek a goal value on one cell. However in the above screenshot example, we want to achieve different goal values across multiple columns.We want a customized Goal Seek, which will deliver a 30% EBITDA margin based on each year’s respective revenue number. Conceptualizing the Goal Seek macro To realize a Goal Seek across columns solution. We must write a macro in Visual Basic for Applications.We want to Goal Seek our EBITDA in row 14, based on a specified EBITDA goal in row 18 – by achieving a uniform 30% margin. Our changing precedent variable will be Cost of Goods Sold in row 9.Conceptually, we need the Goal Seek across columns macro to operate like this. It will need to Goal Seek from column J across to column S.Writing the Goal Seek macro Go to Visual Basic editor and insert a Module. The macro will be called, gsMultiColumns.We want to insert an input box prompt, whenever someone runs the macro, as it will permit users to exit the macro where necessary.Next we need to declare the macro’s variables to prevent run-time errors. The narratives in green are optional and won’t impact the macro – they merely serve as a guide for the macro user. Then we want to disable certain key Excel properties, which would otherwise hinder the macro’s performance. Here is the first part of the code, which video will present to you.The following is a key part of the macro. Clearly, specifying the range of cells to change for our column Goal Seek. For this example, it will be for row 9. Given the cells in row 9 contain formulas; which is referencing to our input sheet. It is paramount to change or convert these formula cells to their values – just like copying and pasting values.The i integer will enable the macro to move across the columns of data – as per the referenced range J9:S9.As described, cCell references the changing cells in row 9. In addition, sCell denotes the set cells in row 14 of the Goal Seek macro. Whilst, gCell are the cells in row 18 dictating the goal values.Running the macroWe are now ready to insert the code, which will enable the EBITDA goal seek values in row 18 to be reflected in row 14. The code that will trigger the Goal Seek is presented in-depth in Goal.=NPER(Rate, Pmt, PV, FV, Type)Goal Seek and Scenario Analysis in Financial ModelingExcel’s built-in tools for Goal Seek and Scenario Analysis are indispensable for exploring different scenarios and assessing the impact of variable changes in your financial models.Goal Seek: This tool allows you to set a specific goal and have Excel automatically determine the required input values to achieve that goal. It’s exceptionally useful when you want to reverse engineer a financial model.Example: Using Goal Seek to find the required monthly payment to pay off a loan in a certain number of years.Scenario Analysis: Scenario Manager in Excel enables you to create and compare multiple scenarios within your financial model. You can change input values and instantly observe how they affect the outcome.Example: Evaluating the impact of various interest rate scenarios on a project’s profitability.By mastering these financial functions and modeling techniques, you’ll have the tools needed to project future financial outcomes, manage asset depreciation, perform financial planning, and analyze the potential impact of different scenarios on your financial models with precision and confidence.Advanced Excel Functions for Data ManipulationIn the world of financial modeling, data is your canvas, and Excel offers a palette of advanced functions and techniques to sculpt and manipulate your data with precision. We’ll explore tools that allow you to reshape and refine your data for more insightful financial modeling.TEXTJOIN and CONCATENATE FunctionsTEXTJOIN: The TEXTJOIN function allows you to combine text from multiple cells into a single, cohesive string. It’s particularly useful when you need to merge data from various sources into a unified format.Example: Combining first and last names into a single cell.=TEXTJOIN(" ", FirstNameCell, LastNameCell)CONCATENATE: While TEXTJOIN excels at merging text strings, CONCATENATE is a simpler function that combines text from multiple cells.Example: Combining first and last names using CONCATENATE.=CONCATENATE(FirstNameCell, " ", LastNameCell)TRANSPOSE and INDEX-MATCH CombinationTRANSPOSE: TRANSPOSE is a powerful function that flips the orientation of your data. It’s exceptionally useful when you want to switch rows and columns in your dataset.Example: Changing a vertical list of data into a horizontal format.=TRANSPOSE(VerticalDataRange)INDEX-MATCH Combination: INDEX and MATCH are often used together to perform advanced data lookups. You can locate specific values within a dataset using the MATCH function and then retrieve corresponding data using the INDEX function.Example: Retrieving the sales figure for a product.=INDEX(SalesRange, MATCH("Product A", ProductNames, 0))Advanced PivotTable TechniquesPivotTables are a formidable tool for data summarization and analysis. With advanced techniques, you can extract deeper insightsMacro for Goal Seek on Multiple Cells
Such that it never returns a negative value, otherwise Excel will be sent into an unrecoverable tail spin.To do this we will square the difference of the left and right hand sides of the equation.Now we are ready to use the Goal Seek tool.To access the Goal Seek tool, select Data>What-If Analysis>Goal SeekThis opens up the Goal Seek window.In words, what we are trying to do is: “Set the OBJECTIVE to a value of 0 by changing the FRICTION FACTOR”.The way we do that in Excel is shown below:Clicking “OK” returns the following:The Goal Seek tool managed to drive the objective function to a value of 5.53E-04 (an acceptable level for our purposes), resulting in a friction factor of 0.0375.We can check the result against a published Moody diagram to verify the calculation.I would estimate the value on the Moody diagram at about ~0.038-0.039, so our result is pretty close (i.e. within approximately 5% at most).Automating Goal Seek with VBAWhat we have so far is nice, but it has a significant flaw.Every time we update an input, we have to rerun Goal Seek again.That means we have to navigate to the tool in the Ribbon, select the Friction Factor and Objective cells, and enter “0” for the goal value.Blech.What we would really like is to set this spreadsheet up so that the friction factor is updated automatically whenever an input value is changed.Excel VBA can do this for us.First we create a macro (in a new module) to run Goal Seek for us:This macro does the following:Temporarily Disables Screen UpdatingSets the value of “f” in Cell C8 to 0.01Runs Goal Seek if it is not currently running and the value of the objective cell round to 0 at 4 decimal placesA Boolean (“isWorking”) that tells us whether or not Goal Seek is current runningEnables Screen Updating(Credit this site for the “isWorking” methodology.)The macro automates setting up the Goal Seek, but it still has to be run manually.Let’s add some code to this worksheet (in the VBA editor) so that the macro runs every time there is a change to the. Can you embedd goal seek into a formula so that multiple cells can be goal seeked rather than a single cell at a time ? If not is there another function that could achieve the same outcome? Goal seek multiple cells Executing goal seek for multiple cells requires accessing the feature, entering required data, and running the goal seek process. Best practices for goal seeking in multiple cells include using realistic goals, verifying accuracy, andgoal seek multiple cells - ExcelBanter
Output before using Goal Seek.Check for Constraints: Be aware that Goal Seek only changes one cell; it might not work well for complex problems requiring multiple adjustments.Use Simple Formulas: Goal Seek is most effective with straightforward equations and might struggle with highly complex ones.Save Your Work: Always save your file before running Goal Seek, as it will alter your data.Experiment: Don’t hesitate to try different scenarios to understand how changes impact your results.Frequently Asked QuestionsCan Goal Seek change more than one cell?No, Goal Seek only adjusts one cell. For more complex scenarios, consider using Solver.Is Goal Seek available in all versions of Excel?Yes, Goal Seek is available in most versions of Excel, though the location in the menu may vary slightly.What kinds of problems is Goal Seek good for?Goal Seek is excellent for financial modeling, budgeting, and any situation where you need to find an unknown input to achieve a specific outcome.Can Goal Seek work with non-numeric data?No, Goal Seek only works with numeric data and formulas.What happens if Goal Seek doesn’t find a solution?If Goal Seek can’t find a solution, it will retain the original values and inform you that it couldn’t meet the goal.SummaryOpen your Excel file.Select the cell with the target result.Open Goal Seek.Set your goal.Specify the input cell.Click OK.ConclusionMastering Goal Seek in Excel can save you a lot of time and effort when working with data. It’s like having a crystal ball which tells you exactly what you need to do to get where you want to be. By following these steps, you can easily find out what input value you need to achieve a desired result. Whether you’re managing a personal budget or handling complex business models, Goal Seek is a powerful ally. Feel free to experiment with it and see how it can make your work easier. Happy Excel-ing!Matt Jacobs has been working as an IT consultant for small businesses since receiving his Master’s degree in 2003. While he still does some consulting work, his primary focus now is on creating technology support content for SupportYourTech.com.His work can be found on many websites and = 10MV = Face Value + CP = 100 +10 =110VBond = 95 =10/(1+r) +110/(1+r)2This may be solved using a trial and error process or the equation may be solved for in EXCEL using the GOAL SEEK functionality.i. Trial and error process for calculating YTM of a bond1. Start with two points r= 0% and r= 15%. When r=0%, VBond– Discounted Value = Net Present Value (NPV) = -25.00When r=15%, NPV = 3.00Since one value is positive and the other negative the solution lies in the range 0% and 15%.2. Half the interval. Consider r=7.5% and r=15%. When r=7.5%, NPV = -9.49When r=15%, NPV = 3.00Again since one value is positive and the other negative the solution lies in the range 7.5% and 15%.3. Again half the interval. Consider r=11.25% and r=15%. When r=11.25%, NPV = -2.87When r=15%, NPV = 3.00Again since one value is positive and the other negative the solution lies in the range 11.25% and 15%.4. Again half the interval. Consider r=13.125% and r=15%. When r=13.125%, NPV = 0.20When r=15%, NPV = 3.00Since both values are the solution lies in the range 11.25% and 13.125% and not 13.125% and 15%. 5. Half the interval between 11.25% and 13.125%. Consider r=12.1875% and r=13.125%. When r=12.1875%, NPV = -1.31When r=13.125%, NPV = 0.20Again since one value is positive and the other negative the solution lies in the range 12.1875% and 13.125%.And so on till we arrive at the solution of r = 12.99731%. The complete list of iterations is given in the table below:ii. EXCEL’s Goal Seek method for calculating YTM of a bondFirst set up the input at output cells on the worksheet as follows:Note that the value of r (the YTM) is initially a dummy value.Next, set up the Goal Seek functionality. In the Data Tab, goGoal Seek and NPV in Hinglish (excel goal seek multiple cells)
The tutorial shows how to compare text strings in Excel for case-insensitive and exact match. You will learn a number of formulas to compare two cells by their values, string length, or the number of occurrences of a specific character, as well as how to compare multiple cells.When using Excel for data analysis, accuracy is the most vital concern. Incorrect information leads to missed deadlines, misjudged trends, wrong decisions and lost revenues.While Excel formulas are always perfectly true, their results may be wrong because some flawed data penetrated into the system. In this case, the only remedy is to check data for accuracy. It's no big deal to compare two cells manually, but it's next to impossible to spot the differences between hundreds and thousands of text strings.This tutorial will teach you how to automate the tedious and error-prone task of cell comparison and what formulas are best to use in each particular case.How to compare 2 cells in ExcelHow to compare multiple cellsCompare a range of cells to a sample cellCompare cells by string lengthCompare strings by occurrences of specific characterThere are two different ways to compare strings in Excel depending on whether you seek case-sensitive or case-insensitive comparison.Case-insensitive formula to compare 2 cellsTo compare two cells in Excel ignoring case, use a simple formula like this:=A1=B1Where A1 and B1 are the cells you are comparing. The result of the formula are Boolean values TRUE and FALSE.If you want to output your own texts for matches and differences, embed the above statement in the logical test of the IF function. For example:=IF(A1=B1, "Equal", "Not equal")As you see in the screenshot below, both formulas compare text strings, dates and numbers equally well:Case-sensitive formula to compare strings in ExcelIn some situations, it may be important not only to compare text values of two cells, but also to compare the character case. Case-sensitive text comparison can be done using the Excel EXACT function:EXACT (text1, text2)Where text1 and text2 are the two cells you are comparing.Assuming your strings are in cells A2 and B2, the formula goes as follows:=EXACT(A2, B2)As the result, you get TRUE for text strings match exactly including the case of each character, FALSE otherwise.If you want the EXACT function to deliver some other results, embed it in an IF formula and type your own text for value_if_true and value_if_false arguments:=IF(EXACT(A2 ,B2), "Exactly equal", "Not equal")The following screenshot shows theGoal Seek VBA - Multiple Change Cells
Home | Download | Games | Features | Gallery Support Squadron solitaire rules (2 decks of cards)Spiderette (Two Suits) | Square >> Goal: Move out the aces when you can and build them up to king in the same suit. The 3 cells can hold one card each, used to help move cards around. Build the 10 piles of the layout down in the same suit. Empty piles can be filled with any card. You can only move one card at a time. Each empty pile in the layout doubles the number of cards you can move, since multiple moves would allow it, plus an additional card for every empty cell. Turn over one card at a time from the deck, playing the top card to other piles when you can. This is Forty Thieves with 3 cells added, each able to hold one card. Winning in Forty Thieves depends a lot on creating empty spaces. This gives you some spaces to work with right away. You can't build on these 3 cards, so each empty cell only helps to move one additional card. David Parlett adds a rule in which empty cells must be filled "at once" (before making other moves). Michael Johnstone lists almost the same game under the name Squadron Leader. The layout is built by alternating suit color rather than matching suits, and he allows sequences to be moved, which somewhat defeats the purpose for adding the 3 cells. He also requires empty cells to be. Can you embedd goal seek into a formula so that multiple cells can be goal seeked rather than a single cell at a time ? If not is there another function that could achieve the same outcome? Goal seek multiple cellsGoal Seeking multiple Cells - Microsoft Community
Delivery with no required lymphodepletion, and improved overall safety and tolerability. Most γδ TCEs have failed because they can’t engage the limited number of effector cells to eliminate their targets. Our INB-600 platform is working to change the equation by not only targeting B cells, but also by actively expanding the γδ T cell immune army needed for deep, lasting B cell depletion. By leveraging our expertise in γδ T cell biology, we have worked to develop a breakthrough technology that combines exceptional preclinical potency, while broadly expanding immune surveillance and potentially avoiding the dangerous side effects of existing approaches. We believe this platform could have significant applications across oncology as well as autoimmune diseases.” TCEs are a class of bispecific antibody therapies that work by binding both a target cell and a T cell, bringing them into close proximity so the T cell can efficiently attack and destroy its target. Traditional TCEs, such as those targeting CD3 – have demonstrated strong target killing abilities but often have severe limitations, including the potential to drive T cells to exhaustion and induce severe toxicities such as CRS and ICANs. γδ T cells naturally secrete lower levels of inflammatory cytokines such as IL-6, which suggests substantially less risk of CRS, which may translate to improved safety and tolerability in future clinical applications. Notably, to date, IN8bio has not observed any CRS or neurotoxicities in any of its on-going γδ T cell clinical programs. IN8bio plans to evaluate INB-619 in preclinical studies and seek potential partners to support future IND-enabling trials. We remain focused on to pushing the boundaries of next generation γδ cell-based immunotherapies as it pursues its mission of Cancer Zero ™ - a future where cancer is fully eliminated. A live webcast and replay will also be available under "Events and Presentations" in the News & Presentations section of the IN8bio website at . About IN8bio IN8bio is a clinical-stage biopharmaceutical company developing gamma-delta (γδ) T cell-based immunotherapies for cancer patients. Gamma-delta T cells are a specialized population of T cells that possess unique properties, including the ability to differentiate between healthy and diseased tissue. The Company’s lead program, INB-100, is focused on AML evaluating haplo-matched allogeneic γδ T cells given to patients following a hematopoietic stem cell transplant. The Company is also evaluating autologous DeltEx DRI γδ T cells, in combination with standard of care, for glioblastoma. For more information about IN8bio, visit www.IN8bio.com . Forward-Looking Statements This press release may contain forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as “aims,” “anticipates,” “believes,” “could,” “estimates,” “expects,” “forecasts,” “goal,” “intends,” “may,” “plans,” “possible,” “potential,” “seeks,” “will” and variations of these words or similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain these words. Forward-looking statements in this press release include, but are not limited to, statements regarding: the ability of INB-619 to (i) eradicate BComments
This article and video will outline one approach to generate a Goal Seek across multiple columns in Excel. As per the following screenshot, we have a standard financial model. It is calculating down to EBITDA, and referencing from our input sheet.This financial model is calculating down to EBITDAThe standard Goal Seek tool in Excel only permits users to seek a goal value on one cell. However in the above screenshot example, we want to achieve different goal values across multiple columns.We want a customized Goal Seek, which will deliver a 30% EBITDA margin based on each year’s respective revenue number. Conceptualizing the Goal Seek macro To realize a Goal Seek across columns solution. We must write a macro in Visual Basic for Applications.We want to Goal Seek our EBITDA in row 14, based on a specified EBITDA goal in row 18 – by achieving a uniform 30% margin. Our changing precedent variable will be Cost of Goods Sold in row 9.Conceptually, we need the Goal Seek across columns macro to operate like this. It will need to Goal Seek from column J across to column S.Writing the Goal Seek macro Go to Visual Basic editor and insert a Module. The macro will be called, gsMultiColumns.We want to insert an input box prompt, whenever someone runs the macro, as it will permit users to exit the macro where necessary.Next we need to declare the macro’s variables to prevent run-time errors. The narratives in green are optional and won’t impact the macro – they merely serve as a guide for the macro user. Then we want to disable certain key Excel properties, which would otherwise hinder the macro’s performance. Here is the first part of the code, which video will present to you.The following is a key part of the macro. Clearly, specifying the range of cells to change for our column Goal Seek. For this example, it will be for row 9. Given the cells in row 9 contain formulas; which is referencing to our input sheet. It is paramount to change or convert these formula cells to their values – just like copying and pasting values.The i integer will enable the macro to move across the columns of data – as per the referenced range J9:S9.As described, cCell references the changing cells in row 9. In addition, sCell denotes the set cells in row 14 of the Goal Seek macro. Whilst, gCell are the cells in row 18 dictating the goal values.Running the macroWe are now ready to insert the code, which will enable the EBITDA goal seek values in row 18 to be reflected in row 14. The code that will trigger the Goal Seek is presented in-depth in
2025-03-31Goal.=NPER(Rate, Pmt, PV, FV, Type)Goal Seek and Scenario Analysis in Financial ModelingExcel’s built-in tools for Goal Seek and Scenario Analysis are indispensable for exploring different scenarios and assessing the impact of variable changes in your financial models.Goal Seek: This tool allows you to set a specific goal and have Excel automatically determine the required input values to achieve that goal. It’s exceptionally useful when you want to reverse engineer a financial model.Example: Using Goal Seek to find the required monthly payment to pay off a loan in a certain number of years.Scenario Analysis: Scenario Manager in Excel enables you to create and compare multiple scenarios within your financial model. You can change input values and instantly observe how they affect the outcome.Example: Evaluating the impact of various interest rate scenarios on a project’s profitability.By mastering these financial functions and modeling techniques, you’ll have the tools needed to project future financial outcomes, manage asset depreciation, perform financial planning, and analyze the potential impact of different scenarios on your financial models with precision and confidence.Advanced Excel Functions for Data ManipulationIn the world of financial modeling, data is your canvas, and Excel offers a palette of advanced functions and techniques to sculpt and manipulate your data with precision. We’ll explore tools that allow you to reshape and refine your data for more insightful financial modeling.TEXTJOIN and CONCATENATE FunctionsTEXTJOIN: The TEXTJOIN function allows you to combine text from multiple cells into a single, cohesive string. It’s particularly useful when you need to merge data from various sources into a unified format.Example: Combining first and last names into a single cell.=TEXTJOIN(" ", FirstNameCell, LastNameCell)CONCATENATE: While TEXTJOIN excels at merging text strings, CONCATENATE is a simpler function that combines text from multiple cells.Example: Combining first and last names using CONCATENATE.=CONCATENATE(FirstNameCell, " ", LastNameCell)TRANSPOSE and INDEX-MATCH CombinationTRANSPOSE: TRANSPOSE is a powerful function that flips the orientation of your data. It’s exceptionally useful when you want to switch rows and columns in your dataset.Example: Changing a vertical list of data into a horizontal format.=TRANSPOSE(VerticalDataRange)INDEX-MATCH Combination: INDEX and MATCH are often used together to perform advanced data lookups. You can locate specific values within a dataset using the MATCH function and then retrieve corresponding data using the INDEX function.Example: Retrieving the sales figure for a product.=INDEX(SalesRange, MATCH("Product A", ProductNames, 0))Advanced PivotTable TechniquesPivotTables are a formidable tool for data summarization and analysis. With advanced techniques, you can extract deeper insights
2025-04-22Such that it never returns a negative value, otherwise Excel will be sent into an unrecoverable tail spin.To do this we will square the difference of the left and right hand sides of the equation.Now we are ready to use the Goal Seek tool.To access the Goal Seek tool, select Data>What-If Analysis>Goal SeekThis opens up the Goal Seek window.In words, what we are trying to do is: “Set the OBJECTIVE to a value of 0 by changing the FRICTION FACTOR”.The way we do that in Excel is shown below:Clicking “OK” returns the following:The Goal Seek tool managed to drive the objective function to a value of 5.53E-04 (an acceptable level for our purposes), resulting in a friction factor of 0.0375.We can check the result against a published Moody diagram to verify the calculation.I would estimate the value on the Moody diagram at about ~0.038-0.039, so our result is pretty close (i.e. within approximately 5% at most).Automating Goal Seek with VBAWhat we have so far is nice, but it has a significant flaw.Every time we update an input, we have to rerun Goal Seek again.That means we have to navigate to the tool in the Ribbon, select the Friction Factor and Objective cells, and enter “0” for the goal value.Blech.What we would really like is to set this spreadsheet up so that the friction factor is updated automatically whenever an input value is changed.Excel VBA can do this for us.First we create a macro (in a new module) to run Goal Seek for us:This macro does the following:Temporarily Disables Screen UpdatingSets the value of “f” in Cell C8 to 0.01Runs Goal Seek if it is not currently running and the value of the objective cell round to 0 at 4 decimal placesA Boolean (“isWorking”) that tells us whether or not Goal Seek is current runningEnables Screen Updating(Credit this site for the “isWorking” methodology.)The macro automates setting up the Goal Seek, but it still has to be run manually.Let’s add some code to this worksheet (in the VBA editor) so that the macro runs every time there is a change to the
2025-04-11Output before using Goal Seek.Check for Constraints: Be aware that Goal Seek only changes one cell; it might not work well for complex problems requiring multiple adjustments.Use Simple Formulas: Goal Seek is most effective with straightforward equations and might struggle with highly complex ones.Save Your Work: Always save your file before running Goal Seek, as it will alter your data.Experiment: Don’t hesitate to try different scenarios to understand how changes impact your results.Frequently Asked QuestionsCan Goal Seek change more than one cell?No, Goal Seek only adjusts one cell. For more complex scenarios, consider using Solver.Is Goal Seek available in all versions of Excel?Yes, Goal Seek is available in most versions of Excel, though the location in the menu may vary slightly.What kinds of problems is Goal Seek good for?Goal Seek is excellent for financial modeling, budgeting, and any situation where you need to find an unknown input to achieve a specific outcome.Can Goal Seek work with non-numeric data?No, Goal Seek only works with numeric data and formulas.What happens if Goal Seek doesn’t find a solution?If Goal Seek can’t find a solution, it will retain the original values and inform you that it couldn’t meet the goal.SummaryOpen your Excel file.Select the cell with the target result.Open Goal Seek.Set your goal.Specify the input cell.Click OK.ConclusionMastering Goal Seek in Excel can save you a lot of time and effort when working with data. It’s like having a crystal ball which tells you exactly what you need to do to get where you want to be. By following these steps, you can easily find out what input value you need to achieve a desired result. Whether you’re managing a personal budget or handling complex business models, Goal Seek is a powerful ally. Feel free to experiment with it and see how it can make your work easier. Happy Excel-ing!Matt Jacobs has been working as an IT consultant for small businesses since receiving his Master’s degree in 2003. While he still does some consulting work, his primary focus now is on creating technology support content for SupportYourTech.com.His work can be found on many websites and
2025-04-22= 10MV = Face Value + CP = 100 +10 =110VBond = 95 =10/(1+r) +110/(1+r)2This may be solved using a trial and error process or the equation may be solved for in EXCEL using the GOAL SEEK functionality.i. Trial and error process for calculating YTM of a bond1. Start with two points r= 0% and r= 15%. When r=0%, VBond– Discounted Value = Net Present Value (NPV) = -25.00When r=15%, NPV = 3.00Since one value is positive and the other negative the solution lies in the range 0% and 15%.2. Half the interval. Consider r=7.5% and r=15%. When r=7.5%, NPV = -9.49When r=15%, NPV = 3.00Again since one value is positive and the other negative the solution lies in the range 7.5% and 15%.3. Again half the interval. Consider r=11.25% and r=15%. When r=11.25%, NPV = -2.87When r=15%, NPV = 3.00Again since one value is positive and the other negative the solution lies in the range 11.25% and 15%.4. Again half the interval. Consider r=13.125% and r=15%. When r=13.125%, NPV = 0.20When r=15%, NPV = 3.00Since both values are the solution lies in the range 11.25% and 13.125% and not 13.125% and 15%. 5. Half the interval between 11.25% and 13.125%. Consider r=12.1875% and r=13.125%. When r=12.1875%, NPV = -1.31When r=13.125%, NPV = 0.20Again since one value is positive and the other negative the solution lies in the range 12.1875% and 13.125%.And so on till we arrive at the solution of r = 12.99731%. The complete list of iterations is given in the table below:ii. EXCEL’s Goal Seek method for calculating YTM of a bondFirst set up the input at output cells on the worksheet as follows:Note that the value of r (the YTM) is initially a dummy value.Next, set up the Goal Seek functionality. In the Data Tab, go
2025-04-14