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Please do it in Excel. 2) Price an 10% coupon, $1000 face value, twenty-year bond if the appropriate discount rate is 8%/yr. for the first
Please do it in Excel.
2) Price an 10% coupon, $1000 face value, twenty-year bond if the appropriate discount rate is 8%/yr. for the first ten years and 6%/yr. for second ten years. Show your return in dollars and percent if you hold this bond for four yearsStep by Step Solution
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