Question: * * CAN SOMEONE PLEASE PROVIDE THE ANSWER WITH THE CORRECT EXCEL FORMULA... THANK YOU * * A 6 percent corporate coupon bond is callable

**CAN SOMEONE PLEASE PROVIDE THE ANSWER WITH THE CORRECT EXCEL FORMULA... THANK YOU**
A 6 percent corporate coupon bond is callable in five years for a call premium of one year of coupon payments. Assuming a par value of $1,000, what is the price paid to the bondholder if the issuer calls the bond?
You must use the built-in Excel function to answer this question. All answers should be displayed as positive numbers.
Input area:
\table[[Corporate bond rate,6.00%
 **CAN SOMEONE PLEASE PROVIDE THE ANSWER WITH THE CORRECT EXCEL FORMULA...

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