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What is the value of a bond that matures in 25 years, makes an annual coupon payment of $100, and has a par value of $1000? Assume a required rate of return of 11%, and round your answer to the nearest $10. O $1,070 $880 O $960 $920
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Home nert Page Layout Formulas Data Review View dd-Ins s Cut aCopy Σ AutoSum ー E ゴWrap Text Sort &Find & Conditional Format CeInsert Delete Format Formatting as Table Styles2 Clear ,_a. ars-函Merge & Center, $, % , 弼,8 в 1 u Format Painter Cells Edting Number Alignment Clipboard A. 426 427 428 429 430 431 432 433 434 ANS 435 436 437 438 439 440 441 442 443 YEARS PAR VALUE COUPON YTM 25 1000 100 11% PRESENT VALUE OF BOND 915.78 EXCEL PV(C430,C427,-C429,-C428) ROUNDED TO $10= $ 920 Sheet1 Sheet2LOAN T PV FVCELL REFER CELL REF 4 05:14

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