Yield to maturity (Expected/Current) 9%     Number of Years to Future Liability 9.00     Future Liability $7,500                       Bond 1 Bond 2 Bond 3 Coupon rate 6.00% 7.000% 8.00% Maturity 12 18 24 Face value 1,000 1,000 1,000 Compute the amount to be invested to meet the future liability noted in the data. This future liability is due in 9 years. Please show work using excel

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
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Yield to maturity (Expected/Current) 9%    
Number of Years to Future Liability 9.00    
Future Liability $7,500    
       
       
  Bond 1 Bond 2 Bond 3
Coupon rate 6.00% 7.000% 8.00%
Maturity 12 18 24
Face value 1,000 1,000 1,000

Compute the amount to be invested to meet the future liability noted in the data. This future liability is due in 9 years. Please show work using excel

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