Question
A semi-annual coupon bond with maturity equal to 8 years, 10% coupon rate, and a face value equal to $10,000 is worth $8,505.59 today. The
Asemi-annual couponbond with maturity equal to 8 years, 10% coupon rate, and a face value equal to $10,000 is worth $8,505.59 today. The YTM is Blank 1 % and the bond is a Blank 2 (choose from: premium/par/discount) bond.
please show all calculation on excel and how you got calculations.
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To solve this problem well need to use the present value formula for a semiannual coupon bond and fi...Get Instant Access to Expert-Tailored Solutions
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
13th International Edition
1265533199, 978-1265533199
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