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Can i get a solution to the question step by step using excel or hand writing showing me how to get that exact same value
Can i get a solution to the question step by step using excel or hand writing showing me how to get that "exact same value" which was given as a correct answer from the first question then apply on the second same question with different values please. Thank you for helping !
Problem #2: A bond has a face value (and redemption value) of $504,000, and pays coupons annually. The effective annual yield is 3 times the coupon rate. The present value of the redemption amount is 4 times the present value of the coupon stream. What is the price of the bond? Answer to the nearest dollar. Problem #2: 360000 Correct Answer: 360000 Your Mark: 2/2Step by Step Solution
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