Question: 1) Which Excel function can you use to compute the bond price? Select one: a) FV b) NPER c) Rate d) PV e) NPV 2)

1) Which Excel function can you use to compute the bond price?

Select one:

a) FV

b) NPER

c) Rate

d) PV

e) NPV

2) A Bond has 10 years to maturity and coupon rate of 6.5%. The face value of the bond $1000 and the coupon payment is payable annually. If the current market yield for the bond is 7%, the fair price of the bond is $___________. (rounded with two decimal points)

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