A bond is currently selling for $1040. It pays the amounts listed in the file P02_32.xlsx at
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A bond is currently selling for $1040. It pays the amounts listed in the file P02_32.xlsx at the end of the next 6 years. The yield of the bond is the interest rate that would make the NPV of the bond’s payments equal to the bond’s price. Use Excel’s Goal Seek tool to find the yield of the bond.
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Related Book For 
Practical Management Science, Revised
ISBN: 9781118373439
3rd Edition
Authors: Wayne L Winston, S. Christian Albright
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