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answer in excel please Remember our $1,000 par bond with a 10% annual-pay coupon and five years to maturity? Suppose that the yield on similar-risk
answer in excel please
Remember our $1,000 par bond with a 10% annual-pay coupon and five years to maturity? Suppose that the yield on similar-risk bonds is 15%. The market price for this bond will be $832.39 (check for yourself). Suppose you bought the bond for $832.39 and held it for one year, and during that time the interest rate remained 15%. How did your investment perform Step by Step Solution
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