Question
In Excel You currently hold a bond with the following features: face value of $1,000; coupon rate of 6%; time left to maturity is 5
In Excel
You currently hold a bond with the following features: face value of $1,000; coupon rate of 6%; time left to maturity is 5 years; annual interest payments. If the yield on similar bonds is 8%, what is the value of your bond?
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Governing Global Finance
Authors: Michele Fratianni, Paolo Savona
1st Edition
1138742147, 978-1138742147
