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use Excel. If you use Excel, you must submit the file containing the formulas you used to solve the problems. You should use Word if

use Excel. If you use Excel, you must submit the file containing the formulas you used to solve the problems. You should use Word if the question require explanation. Problem 1 L'albicocca Company has a bond outstanding with 15 years to maturity, an 8.25% nominal coupon, semiannual payments, and a $1,000 par value. The bond has a 6.50% nominal yield to maturity, but it can be called in 6 years at a price of $1,120. What is the bond's nominal yield to call? Answer in excel with formulas and if needed explain it in word if needed

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