Question
What is the excel formula for the following: Dan is considering the purchase of Super Technology, Inc. bonds that were issued 6 years ago. When
What is the excel formula for the following:
Dan is considering the purchase of Super Technology, Inc. bonds that were issued 6 years ago. When the bonds were originally sold they had a 28-year maturity and a 6.33 percent coupon interest rate, paid annually. The bond is currently selling for $1,448. Par value of the bond is $1,000. What is the yield to maturity on the bonds if you purchased the bond today?
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International Finance Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
10th edition
978-0133425895, 133425894, 978-0133423631, 133423638, 978-0133423648
