Assume that John Doe Inc has issued an 8 year zero coupon bond with a yield of 6 and a par value of $1000 What is the bond price What is the bond duration Based on duration, what is the estimated bond price if interest rates rise to 7 Determine the new price exactly if interest rates rise to 7 Can you do this in excel

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Assume that John Doe Inc. has issued an 8-year zero coupon bond with a yield of 6% and a par value of $1000. What is

Assume that John Doe Inc. has issued an 8-year zero coupon bond with a yield of 6% and a par value of $1000.

What is the bond price?
What is the bond duration?
Based on duration, what is the estimated bond price if interest rates rise to 7%?
Determine the new price exactly if interest rates rise to 7%?

Can you do this in excel?

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