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Show me the steps to solve in excel please The bond pays a coupon rate of 6.5% and pays interest semi-annually. The settlement date is 7/05/2022 The bond matures on 6/15/2046 The par value is $100, or 100% of par. The yield to maturity is 7%. Calculate the today's price using the PRICE function (as a % of par) Calculate the modified duration of the bond

Show me the steps to solve in excel please The bond pays a coupon rate of 6.5% and pays interest semi-annually. The settlement date is 7/05/2022 The bond matures on 6/15/2046 The par value is $100, or 100% of par. The yield to maturity is 7%. Calculate the today's price using the PRICE function (as a % of par) Calculate the modified duration of the bond

Essentials Of Investments
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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Show me the steps to solve in excel please The bond pays a coupon rate of 6.5% and pays interest semi-annually. The settlement date is 7/05/2022 The bond matures on 6/15/2046 The par value is $100, or 100% of par. The yield to maturity is 7%. Calculate the today's price using the PRICE function (as a % of par) Calculate the modified duration of the bond
Transcribed Image Text:Show me the steps to solve in excel please The bond pays a coupon rate of 6.5% and pays interest semi-annually. The settlement date is 7/05/2022 The bond matures on 6/15/2046 The par value is $100, or 100% of par. The yield to maturity is 7%. Calculate the today's price using the PRICE function (as a % of par) Calculate the modified duration of the bond
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