Question
An annual bond has a face value of $1,000, makes an annual coupon payment of $12 per year, has a discount rate per year of
An annual bond has a face value of $1,000, makes an annual coupon payment of $12 per year, has a discount rate per year of 4.3%, and has 8 years to maturity. What is price of this bond? ( please I need the excel workout of the solution)
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Cases In Financial Reporting
Authors: Ellen Engel, D. Eric Hirst, Mary Lea McAnally
7th Edition
1934319791, 9781934319796
