Question: A n - year $ 1 , 0 0 0 par - value bond with 8 % annual coupons has an annual effective yield of
A nyear $ parvalue bond with annual coupons has an annual
effective yield of i The book value of the bond at the end of the third year is $
and the book value of the bond at the end of the fifth year $
Find the annual effective yield, i
Find the price of the bond, P
Find the maturity date in years of bond, n Use the the financial calculator, or Excel Formula
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