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I received two different answers from the same question Provide step by step instructions on how to solve using a financial calculator and Excel What
I received two different answers from the same question
Provide step by step instructions on how to solve using a financial calculator and Excel
What is the price of a 18-year bond paying 9.1 % annual coupons with a face (par) value of $1,000 if the market rates for these bonds are 5.9 %? Answer to the nearest cent, xxx.xx and enter without the dollar sign.
one user said Bond price = 1349.10
the other said Price of the bond = pv(5.90%,18,-91,1000) = 636.41
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