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what is the premium bond? Valuing a Premium Bond with Annual Coupons . Coupon rate = 10% Annual coupons Par = $1,000 Maturity = 10
what is the premium bond? 
Valuing a Premium Bond with Annual Coupons . Coupon rate = 10% Annual coupons Par = $1,000 Maturity = 10 years YTM = 9% Using the formula: B = PV(annuity) + PV(lump sum) B = 981.81 + 214.55 = 1196.36 Using the calculator 20 N 8 IY 100 PMT 1000 FV CPT PV = -1196.36 1 - 100 (1,087" 1800 Using Excel: =PV(0.08, 20, 100, 1000,0) - Note: When YTM Step by Step Solution
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Recent Advances In Computational Finance
Authors: Nikolaos S. Thomaidis, Jr. Dash, Gordon H.
1st Edition
1626181233, 978-1626181236
