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How would I enter this into the financial calculator? NOT using excel. I was trying to use what is written below but I kept getting
How would I enter this into the financial calculator? NOT using excel.
I was trying to use what is written below but I kept getting the wrong answer.
Bond P: Year 1: N=14, FV=1000, PMT= 78, I= 4.5%,
(I know year 14 and 15 for Bond P are correct.) Year 1 I don't know if it is correct
Problem 10-16 Bond P is a premium bond with an 7.8 percent coupon, a YTM of 4.5 percent, and 15 years to maturity. Bond D is a discount bond with an 7.8 percent coupon, a YTM of 11 percent, and also 15 years to maturity. If interest rates remain unchanged, what do you expect the price of these bonds to be 1 year from now? In 5 years? In 10 years? In 14 years? In 15 years? (Input all amounts as positive values. Round your answer to 2 decimal places. Omit the "$" sign in your response.) Bond P $1074 64 Bond D 1 year 5 years $ 10 years $ 14 years $ 15 years $ 1031.58 1000Step by Step Solution
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