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Complete the problems in an Excel spreadsheet. Be sure to show your work to receive credit; no hard keys. Q/ A bond's market price is
Complete the problems in an Excel spreadsheet. Be sure to show your work to receive credit; no hard keys.
Q/ A bond's market price is 850 SAR. It has a 1000 par value, will be mature in 8 years, and the coupon rate 8 percent annually. What is the bond's yield to maturity? What happens to the bond's yield to maturity if the bond matures in 16 years? What is mature in 5 years?
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