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Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere...

Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of €1,000, 25 years to maturity, and a coupon rate of 6.3 percent paid annually.

If the yield to maturity is 7.4 percent, what is the current price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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Answer #1

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

AS NOTHING WASHome nert Page Layout Formulas Data Review View dd-Ins s Cut ta copy. E AutoSum Wrap Text B l u. ,_a. ars-函Merge & Center, $, % , 弼,8 C Conditional Format CeInsert Delete Format Formatting, as Table w styles. ▼ ㆆ ▼ Sort &Find & 2 ClearFe Select Edting Format Painter Clipboard Alignment Number Cells X224 AB AC AD AE AF AG 216 217 218 219 220 221 PAR VALUE YEARS COUPON YTM CURRENT PRICE 876.30 [EXCEL PV(Y220,Y218,-Y219 217,-Y217)] 1000 25 6.3% 7.40% 223 224 225 226 227 228 229 230 231 232 233 234 (4 トト | , NOTE BIDDING, UNDERWRITING . . EUAC AW PM LIFE / LP, Ip, MRP, INFLATION YIELD ( WARRANTrefund bond , CLEAN INVOICE PRICE Sheet1 Sheet3 Sheet4バタ 24-01-2019 MENTIONED, EXCEL FUNCTION IS USED.

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