You are considering a 10-year, $1,000 par value bond. Its coupon rate is 11%, and interest is paid semiannually. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the question below. Open spreadsheet If you require an "effective" annual interest rate (not a nominal rate) of 11.68%, how much should you be willing to pay for the bond? Do not round intermediate steps. Round your answer to the nearest cent

Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter11: Bond Pricing And Amortization (bonds)
Section: Chapter Questions
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Excel Online Tutorial C
Excel Online Structured Activity: Bond valuation.
You are considering a 10-year, $1,000 par value bond. Its coupon rate is 11%, and interest is paid semiannually. The data has been collected in the
Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the question below.
X
Open spreadsheet
If you require an "effective" annual interest rate (not a nominal rate) of 11.68%, how much should you be willing to pay for the bond? Do not round
intermediate steps. Round your answer to the nearest cent.
Transcribed Image Text:Video Excel Online Tutorial C Excel Online Structured Activity: Bond valuation. You are considering a 10-year, $1,000 par value bond. Its coupon rate is 11%, and interest is paid semiannually. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the question below. X Open spreadsheet If you require an "effective" annual interest rate (not a nominal rate) of 11.68%, how much should you be willing to pay for the bond? Do not round intermediate steps. Round your answer to the nearest cent.
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