Hi! Would you be able to solve #3 problem using only a financial calculator ? Thanks...

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+ Fundamentals of Corporate Fin... e acTo 3mco | 300 | 400 ACTO Chapter 7 Problem 3QP Step 2 Step 3 Step 4 Step 3: Calculate

ens to the value of your bond? Why? ing Bonds [LO2] Even though most corporate bonds in the United States make payments semia

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Would you be able to solve #3 problem using only a financial calculator ?

Thanks in advance for your time.

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Answer 1

Answer #1

we can solve using BA II plus financial calculator

step 1: Enter 1000 then Enter FV

step 2: Enter 23 then Enter N

step 3: Enter 4.7 then Enter I/Y

Step 4: Enter 58 then Enter PMT

Step 5: Enter CPT then Enter PV

which will give the current price of the bond = Euro 1152.66

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Answer 2

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