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please show how to solve in excel Grossnickle Corporation issued 20-year, noncallable, 7.4% annual coupon bonds at their par value of $1,000 one year ago.
please show how to solve in excel Grossnickle Corporation issued 20-year, noncallable, 7.4% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest rate on these bonds is 5-5%. What is the current price of the bonds, given that they now have 19 years to maturity? O a $1,013.05 6.51.220.55 O $1196.13 Od $1.000.85 $1.281.57
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