Question: a. Please write the algebraic expression for the price of a $100 par-value, 4.5% coupon, 20-year bond with semi- annual payments, at 5.0% yield to

a. Please write the algebraic expression for the price of a $100 par-value, 4.5% coupon, 20-year bond with semi- annual payments, at 5.0% yield to maturity. You may use equations. 10.1 or 10.2 from your text to do this. b. Use the PV function on Excel or a financial calculator to compute this price. Edit View Insert Format Tools Table 12pt ~ Paragraph B I U A QV Try V 2 V 045*100= $4.5 YTM= 5%

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