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Please use the excel formula and show all calculations. thanks! Bernstein Co. issued 20 -year bonds 8 years ago at a coupon ate of 2.75
Please use the excel formula and show all calculations. thanks!
Bernstein Co. issued 20 -year bonds 8 years ago at a coupon ate of 2.75 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these onds is 2.5 percent, what is the current bond price Step by Step Solution
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