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Problem 5. Show excel formula. A corporate bond pays interest annually, has a coupon rate of 6%, a face value of $1,000, and has a

Problem 5. Show excel formula. image text in transcribed

A corporate bond pays interest annually, has a coupon rate of 6%, a face value of $1,000, and has a market interest rate of 5.9%. What is the intrinsic value of Jayson's bond with 10 years to maturity? 20 years to maturity? 30 years to maturity

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