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can i get help on #10 using one of these formulas 10. A 5-year bound has a face (par) value of $1,000 and pays an
can i get help on #10 using one of these formulas
10. A 5-year bound has a face (par) value of $1,000 and pays an annual coupon of 11% at the end of each year. What is today's price (at te 0) if it has a yield to maturity of 9.8%? Sketch a time line and label the future cash (10 pts) flows. 0 2 I 123 Show the formulas that you are using and the values substituted, e.g. A = 100 (1 + Round all final dollar amounts to the nearest penny. You can use book and notes, no people. A = P(1 + R)* or A = P(1+3) Formulas: 1+x+x2+x+... A Pet A(1 + R)* = P[**8) - 4 Step by Step Solution
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