Do not use excel....I need the calculations. Thanks. Issued 10-year bonds exactly four...
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Do not use excel....I need the calculations. Thanks.
Issued 10-year bonds exactly four years ago at a coupon rate of 6%. The bonds make quarterly payments and the par value of bonds is 10 000. If the effective yield (e.g. EAR) of comparable bonds is 4% percent, what is the current bond price? To get full points, you should consider the correct nominal rate for discounting
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