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Please answer this question and provide explanation for each stepN? PV ? PMT ? FV ? For iBCD's $ 1 , 0 0 0 par
Please answer this question and provide explanation for each stepN? PV PMT FV For iBCD's $ par value bonds currently sell for $ The coupon rate is paid semiannually. If the bonds have five years before maturity, what is the yield to maturity or expected rate of return?
Please do not use excel, Hand written steps would be great
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