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I have to fo this on excel and I dont know what formula to use? i also dont know if the answer i have written
I have to fo this on excel and I dont know what formula to use?
i also dont know if the answer i have written down is correct so ignore it!
11.26 years You purchase a $1,000 bond with a maturity of 10 years and a coupon rate of 8.3%. Coupon payments are made semi-annually. What rate of return will you earn if you hold onto the bond for all 10 years? 5.40% Step by Step Solution
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