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Please show all work in excel, thanks! A bond with face value $1,000 has a current yield of 6.4% and a coupon rate of 8.4%.
Please show all work in excel, thanks!
A bond with face value $1,000 has a current yield of 6.4% and a coupon rate of 8.4%. a. If interest is paid annually, what is the bond's price? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. b. If the bond is selling at $966, is its yield to maturity more or less than 8.4%Step by Step Solution
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