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Solve the problem. Show your work and equations! Please do not show screenshots of Excel as your work shown. 1. A bond with a coupon

Solve the problem. Show your work and equations! Please do not show screenshots of Excel as your work shown. image text in transcribed
1. A bond with a coupon rate of 7.30% has a price that today equals $868.92. The $1.000 face value bond pays coupon every 6 months, 30 coupons remain, and a coupon was paid yesterday. Suppose you buy this bond at today's price and hold it so that you receive 20 coupons. You sell the bond upon receiving that last coupon. Find the selling price if the bond's YTM remains constant. Note that the number of coupons left is the same as "n" at the time of pricing

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