I am really not understanding how to do this and I can't afford to miss this
In the Present question :- | |||
Principal | 1000 | ||
Coupon rate | 5.80% | ||
Period | 23 | ||
Yeild Rate | 4.70% | ||
Annual Interest | $58.00 | (1000*5.8%) | |
ANSWER | |||
Formulae to be used | PV(4.70%,23,-58,-1000) | ||
Answer | $1,152.66 | ||
Price of the Bond in Euro | $1,152.66 | ANS |
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I am really not understanding how to do this and I can't afford to miss this...
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I want to know how do I calculate it using excel functions D8 f7% A B D Е F G Н J К 2 Chamberlain Co. wants to issue new 20-year bonds for some much-needed expansion projects The company currently has 7 percent coupon bonds on the market that sell for $1,083, make semiannual payments, and mature in 20 years. What coupon rate should the company set on its new bonds if it wants them to sell at par? 4...
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