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Problem Three. Industries bond has a 10 % coupon rate and a $1,000 face value. Interest is paid semiannually, and the bond has 20 years

Problem Three. Industries bond has a 10 % coupon rate and a $1,000 face value. Interest is paid semiannually, and the bond has 20 years to maturity. If investors require a 12 % annual yield, what is the bonds value? (when we are dealing with semiannual payments, simply find semiannual yield from annual yield). how to calculate in excel

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