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Question 1 : A $ 1 , 0 0 0 FedEx Corp. bond has a coupon rate of 5 % , pays interest semiannually, and

Question

1

: A $

1, 000

FedEx Corp. bond has a coupon rate of

5 %,

pays interest semiannually, and matures in six years. If the yield to

maturity is

8.75 %,

what is the bond's value today?

Rate

(6,

Make sure that you use negative sign before

the function to make the final answer positive.

#VALUE!

Solve using excel

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