Question
What is the excel formula for this question: What is the value of a bond that has a par value of $1,000, a coupon rate
What is the excel formula for this question:
What is the value of a bond that has a par value of $1,000, a coupon rate of 9.97 percent (paid annually), and that matures in 16 years? Assume a required rate of return on this bond is 11.03 percent.
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Financial Management Principles and Applications
Authors: Sheridan Titman, Arthur J. Keown, John H. Martin
13th edition
134417216, 978-0134417509, 013441750X, 978-0134417219
