Question: 1. 2. (Preferably for #2 using Goal Seek tool) Please show steps if able What is the price (per $1,000 of face value) of a

1. 1. 2. (Preferably for #2 using Goal Seek tool) Please show steps

2. if able What is the price (per $1,000 of face value) of

(Preferably for #2 using Goal Seek tool) Please show steps if able

What is the price (per $1,000 of face value) of a seven-year 8 percent coupon bond? Assume that the discount rate is 6 percent and that coupons are paid annually at the end of the year. Imagine the bond described in the previous question has a market price of $1,300. Using Excel, find the yield to maturity of the bond

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