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Please show all work/formulas in EXCEL NOT TYPED. Will upvote! thank you in advance! The current yield for a $1,000 par bond that pays 16%
Please show all work/formulas in EXCEL NOT TYPED. Will upvote! thank you in advance!
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The current yield for a $1,000 par bond that pays 16% semiannual coupon and has a market price of $890 is:
8.00%
8.99%
9.87%
16.50%
17.98%
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If a 14-year $1,000 par bond with a 7% annual coupon, a 10% yield to maturity is currently selling for $904.90. If the yield to maturity remains unchanged, the expected market price for this bond in two years is:
850.25
795.59
1,020.75
925.39
1,001.63
Please remember to do in Excel, thank you!
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