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How do I use Excel to determine the price of a bond at issue? For example, a bond issued at 9% on February 1 with
How do I use Excel to determine the price of a bond at issue? For example, a bond issued at 9% on February 1 with a face value of $80m. Maturing on Jan 31, 2020. Mkt yield of 10% for similar bonds. Semi-Annual payments on July 31 and Jan 31.
I'm trying to input this into excel and i'm getting crazy answers.
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