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I want to know how to calculate the PV (Present value) of interest payment for a bond using the excel method, please giving the following
I want to know how to calculate the PV (Present value) of interest payment for a bond using the excel method, please giving the following example to help:
FV of bond = 10,000,000
Total no. of periods = 40
Coupon interest rate per period = 3.8%
Market interest rate per priod = 4.2%
The present value of prinicpal is easy = PV ( rate 0.042, Nper 40, pmt 0, fv 10,000,000)
Can you help me with the equation using excel for present value for interest payment?
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