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Butbol Club Barcelona is experiencing a tough cash situation after the Covid 19 situation. As a consequence the management is planning to issue bonds with

  1. Butbol Club Barcelona is experiencing a tough cash situation after the Covid 19 situation. As a consequence the management is planning to issue bonds with the following characteristics:

Par: 1000

Time to maturity 20 years

Coupon rate 8%

Semiannual payments

The price of the bonds are going to be different depending on the Yield to maturity, the expectations are:

25% Chances YTM:5%

35% Chances YTM:6%

40% Chances YTM:7%

Calculate using excel the price of the bond for each of the cases.

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