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please show work in excel XYZ Inc. has a bond with the following characteristics: - Par: $1,000 - Time to maturity: 8 year - Coupon

please show work in excel image text in transcribed
XYZ Inc. has a bond with the following characteristics: - Par: $1,000 - Time to maturity: 8 year - Coupon Rate: 4%, semi-annual payments - Yield to maturity: 6% Calculate the present value of the annuity component of the cash flows. (Enter a positive value and round to 2 decimals)

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