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Saved Help A company issued 9%, 20-year bonds with a face amount of $100 million. The market yield for bonds of similar risk
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Answer #1

Price of the bond is calculated using the PV function:-

=PV(rate,nper,pmt,pv)

=PV(3%,40,4.5%*100000000,100000000)

=134672158

Where,

rate is rate of interest

nper is number of periods

pmt is periodic payment

pv is present value

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