Question
Using a spreadsheet, find the time to maturity (in years) for a 5% coupon bond yielding 9.77% to trade for $70.00 per $100 of par
Using a spreadsheet, find the time to maturity (in years) for a 5% coupon bond yielding 9.77% to trade for $70.00 per $100 of par value. Report your answer with 2-digit precision (ex. show 12.34 as 12.34). hint: "Goal seek"
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Contemporary Financial Management
Authors: R. Charles Moyer, William J. Kretlow, James R. Mcguigan
7th Edition
0538877766, 9780538877763
