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*Please show excel formula* N23 X f A B D E F G H 1 Westco Co. issued 15-year bonds a year ago at a
*Please show excel formula*
N23 X f A B D E F G H 1 Westco Co. issued 15-year bonds a year ago at a coupon rate of 5.4 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on 2 these bonds is 4.5 percent, what is the current price of the bond in dollars? 3 4 Input area: 5 6 Settlement date 1/1/2020 7 Maturity date 1/1/2034 8 Coupon rate 5.40% 9 Coupons per year 2 10 Redemption value (% of par) 100 11 Yield to maturity 4.50% 12 Par value $1,000 13 14 (Use cells A6 to B12 from the given information to complete this question. You must use the built-in Excel function to answer 15 this question. Leave the "Basis" input blank in the function. You may enter a constant as a hard coded value.) 16 17 Output area 18 19 Price% of par) 20 Price 21 22 Step by Step Solution
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