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Can someone please answer this without using excel? I wont be able to use Excel on the test so can you please show formulas and
Can someone please answer this without using excel? I wont be able to use Excel on the test so can you please show formulas and what numbers you're plugging into them.
We have a 12% 20 year bond, which we buy when the ytm is 10%. We intend to sell it in 2 years at which time required rates are 8%. Derive the price of the bond.
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