A bond is currently selling for $1040. It pays the amounts listed in the file P02_32.xlsx at
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A bond is currently selling for $1040. It pays the amounts listed in the file P02_32.xlsx at the ends of the next six years. The yield of the bond is the interest rate that would make the NPV of the bond’s payments equal to the bond’s price. Use Excel’s Goal Seek tool to find the yield of the bond.
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Model Yield of bond Bond data Year Payment 1 ...View the full answer
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Related Book For
Practical Management Science
ISBN: 978-1305250901
5th edition
Authors: Wayne L. Winston, Christian Albright
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