On 15 February 2017 a bond of XYZ Corporation is selling for $923. The bond has a
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On 15 February 2017 a bond of XYZ Corporation is selling for $923. The bond has a $30 semi-annual coupon payment on 15 May 2017 and each 6 months afterward until 15 November 2025, when it pays $1,000 plus the semi-annual $30 coupon.
a. Use XIRR to compute the bond’s internal rate of return (IRR).
b. On 28 February 2017, the bond’s price is $951. What is its IRR now?
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Related Book For 
Principles Of Finance Wtih Excel
ISBN: 9780190296384
3rd Edition
Authors: Simon Benninga, Tal Mofkadi
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