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PLEASE ANSWER USING EXCEL AND SHOWING FORMULAS WITH WORK. THANK YOU!!! Q3. Bond X is a premium bond making semiannual payments. The bond pays 9

PLEASE ANSWER USING EXCEL AND SHOWING FORMULAS WITH WORK. THANK YOU!!! image text in transcribedimage text in transcribed

Q3. Bond X is a premium bond making semiannual payments. The bond pays 9 percent coupon, has a yield to maturity (YTM) of 6.5 percent and has 14 years to maturity. Bond Y is a discount bond making semiannual payments. This bond pays a 10 percent coupon, has a YTM of 11.5 percent and also has 16 years to maturity. The par value of the bond is $1,000, If the bond's sale price is $1,150 and has 9 years left from maturity with a face value of $1,000 and pays 15% coupon payment per year or 7.5% coupon semiannually, what is its Yield to Maturity (YTM). If it is a callable bond with call period of 4 years and call premium (if the bond is called) of $1,040 ($1,000 face value and $40 call premium) what is the Yield to Call (YTC) for this bond. Please note, the market price of this bond is $1,150. Also, note that coupon payments are made semiannually

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