PLEASE ANSER AS EXCEL FORMULA !!!

PLEASE ANSWER AS EXCEL FORMULA !!

X AS Interest rate risk - Excel ? El 5 x 1 FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In i Calibri - 11 % Paste Cells 13 Editing Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font A1 X fix C D E F G H J K 3 Bond J has a coupon rate of 3 percent. Bond K has a coupon rate of 9 percent. Both bonds have 19 years to maturity, make semiannual payments, and have a YTM of 6 percent. If interest rates suddenly rise by 2 percent, what is the percentage price change of these bonds? What if rates suddenly fall by 2 percent instead? All bond price answers should be dollar prices. 4 5 6 7 8 Bond J: Coupon rate Settlement date Maturity date Redemption (% of par) # of coupons per year 9 10 3% 1/1/2000 1/1/2019 100 2 11 12 13 14 15 16 Bond K Coupon rate Settlement date Maturity date Redemption (% of par) # of coupons per year 9% 1/1/2000 1/1/2019 100 2. 17 18 19 20 $ 21 Par value for both bonds Current YTM New YTM New YTM 1,000 6% 8% 4% 22 23 24 Sheet1 I + 60% READY Attempt(s) Hint Show Me H5 Interest rate risk - Excel ? - X FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Calibri - 11 A ini Paste BIU % Alignment Number Conditional Format as Cell Formatting Table Styles Styles Cells Editing T Clipboard Font A1 X A B D E F G H K L 26 Complete the following analysis. Do not hard code values in your calculations. Leave the "Basis" input blank in the function. All bond prices should be in dollars. You must use the built-in Excel function to answer the bond price questions. 27 28 29 Price at current YTM: Price of Bond J 30 31 32 33 Price of Bond K Price if YTM increases: Price of Bond J 34 35 36 37 Price of Bond K 38 39 % change in Bond J 40 % change in Bond K 41 Price if YTM decreases: Price of Bond J 42 43 44 45 46 47 Price of Bond K % change in Bond J 48 49 % change in Bond K 50 Sheet1 + + 40% READY Attempt(s) Hint Show Me