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Please show step by step how to solve on both financial calculator and excel. What is the price of a 18-year bond paying 9.1 %
Please show step by step how to solve on both financial calculator and excel.
What is the price of a 18-year bond paying 9.1 % annual coupons with a face (par) value of $1,000 if the market rates for these bonds are 5.9 %? Answer to the nearest cent, xxx.xx and enter without the dollar sign.
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