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please compute this in excel Problem 3 A 10-year, 9% bond, issued by Cheap Motors Manufacturing on January 1, 2010, matures on December 31, 2019.
please compute this in excel
Problem 3 A 10-year, 9% bond, issued by Cheap Motors Manufacturing on January 1, 2010, matures on December 31, 2019. If investors require a 12% return, how much should they be willing to pay on January 1, 2014? (Face value of the bond is $10,000, and interest is paid annually.) (Compute by hand first, than within Excel) Step by Step Solution
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