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Need help on Part B. Please use excel. Thank you. A) Determine the purchase price for a bond with a face value of $1000 and
Need help on Part B. Please use excel. Thank you.
A) Determine the purchase price for a bond with a face value of $1000 and interest rate of 4.75% (1-year maturity). B) Calculate the YTM for a bond that you purchased at issuance on January 1,2018. The bond has a $1000 face value and offer price; has an 8-year maturity date; has a coupon rate of 7.2% with payments on a semi-annual basis (July 1 , January 1 ) Step by Step Solution
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