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what am I doing wrong? excel A bond has an 8-year maturity, a 8% coupon paid monthly, and $1000 par value. The required rate of
what am I doing wrong? excel
| A bond has an 8-year maturity, a 8% coupon paid monthly, and $1000 par value. | ||||
| The required rate of return (yield to maturity)on the bond is 6%. | ||||
| Compute the price of the bond today using the appropriate Excel formula | ||||
| SHOW WORK HERE, HIGHLIGHT FINAL ANSWER IN YELLOW | ||||
| PV | ($5.21) | monthly int rate | 8%*12 | 0.96 |
| RATE | 0.96 | coupon | 60/12 | 5 |
| NPER | 96 | nper | 8 * 12 | 96 |
| PMT | 5 | |||
| FV | 1000 | |||
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International Trade Finance
Authors: Tarsem Bhogal, Arun Trivedi
2nd Edition
303024542X, 9783030245429
