2 345 Westco Co. issued 15-year bonds a year ago at a coupon rate of 5.4 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 4.5 percent, what is the current price of the bond in dollars? Input area: 6 Settlement date 67 7 Maturity date 8 Coupon rate 9 Coupons per year 10 Redemption value (% of par) 11 Yield to maturity 12 Par value 13 1/1/2020 1/1/2034 5.40% 2 100 4.50% $1,000 14 (Use cells A6 to B12 from the given information to complete this question. You must use the built-in Excel function to 15 this question. Leave the "Basis" input blank in the function. You may enter a constant as a hard coded value.) 16 17 Output area: 18 19 Price (% of par) 20 Price 21
2 345 Westco Co. issued 15-year bonds a year ago at a coupon rate of 5.4 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 4.5 percent, what is the current price of the bond in dollars? Input area: 6 Settlement date 67 7 Maturity date 8 Coupon rate 9 Coupons per year 10 Redemption value (% of par) 11 Yield to maturity 12 Par value 13 1/1/2020 1/1/2034 5.40% 2 100 4.50% $1,000 14 (Use cells A6 to B12 from the given information to complete this question. You must use the built-in Excel function to 15 this question. Leave the "Basis" input blank in the function. You may enter a constant as a hard coded value.) 16 17 Output area: 18 19 Price (% of par) 20 Price 21
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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need formula in excel please
Transcribed Image Text:2
34567
Westco Co. issued 15-year bonds a year ago at a coupon rate of 5.4 percent. The
bonds make semiannual payments and have a par value of $1,000. If the YTM on
these bonds is 4.5 percent, what is the current price of the bond in dollars?
Input area:
Settlement date
Maturity date
8
Coupon rate
9
Coupons per year
10 Redemption value (% of par)
11 Yield to maturity
12
Par value
13
1/1/2020
1/1/2034
5.40%
2
100
4.50%
$1,000
14 (Use cells A6 to B12 from the given information to complete this question. You must use the built-in Excel function to a
15 this question. Leave the "Basis" input blank in the function. You may enter a constant as a hard coded value.)
16
17 Output area:
18
19
Price (% of par)
20 Price
21
22
22
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