Consider an 8 - year coupon bond which is selling at par (annual couponpayments) . YTM is currently 6% . What is the price of this bond one yearfrom today if the YTM at that point is 8% (Face value is 100) ?a) 100b) 88.51c) 111.16d) 89.59e) 112.4The answer is D. I just need to see the steps on how to get there.

Consider an 8 - year coupon bond which is selling at par (annual couponpayments) . YTM is currently 6% . What is the price of this bond one yearfrom today if the YTM at that point is 8% (Face value is 100) ?a) 100b) 88.51c) 111.16d) 89.59e) 112.4The answer is D. I just need to see the steps on how to get there.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Hello Can you show how the computation was made from the solutions guide
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Ay 4.
Please answer with explanation. I will really upvote
Hello Can you show how to make this for an Annuity Bond in Excel
What is the answer ?
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