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please solve using microsoft excel and show formulas if possible. 13. On 15 May 1985 the U.S. Treasury issued a bond maturing 15 November 2014.
please solve using microsoft excel and show formulas if possible. 13. On 15 May 1985 the U.S. Treasury issued a bond maturing 15 November 2014. The bond had a coupon rate of 11.75%, payable semiannually on 15 November and 15 May. On 23 January 2005 a $1,000 face-value bond was selling for $1356.20. This price does not include the accrued interest. The bond is callable at par starting 15 November 2009. Compute the following: a. The bond's yield to maturity (YTM). b. The bond's yield to first call (YTC)
please solve using microsoft excel and show formulas if possible.
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