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Please show formulas* + You find a zero coupon bond with a par value of $10,000 and 24 years to maturity. If the yield to
Please show formulas*
+ You find a zero coupon bond with a par value of $10,000 and 24 years to maturity. If the yield to maturity on this bond is 4.2 percent, what is the dollar price of the bond? Assume semiannual compounding periods. 3 4 input area: 5 6 Settlement date 1/1/2020 7 Maturity date 1/1/2044 8 Coupon rate 0.00% 9 Coupons per year 2 10 Redemption value (% of par) 100 11 Yield to maturity 4,20% 12 Par value 10,000 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 this 15 question. Leave the "Basis" input blank in the function. You may enter a constant as a hard coded value.) 16 17 Output oreo: 18 19 Price (% of par) 20 Price 21 22 23 24 Students: The scratchpad area is for you to do any additional work you need to solve this question or can be used to show your work 95 Nothing in this area will be pradedbut it will be submitted with your accionment Step by Step Solution
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