Question: * * CAN SOMEONE PLEASE PROVIDE THE CORRECT EXCEL FORMULA NEEDED, THANK YOU * * A 6 percent corporate coupon bond is callable in five
CAN SOMEONE PLEASE PROVIDE THE CORRECT EXCEL FORMULA NEEDED, THANK YOU
A percent corporate coupon bond is callable in five years for a call premium of one year of coupon payments. Assuming a par value of $ what is the price paid to the bondholder if the issuer calls the bond?
You must use the builtin Excel function to answer this question. All answers should be displayed as positive numbers.
Input area:
Output area:
Your formula must include the FV function and return a positive value.
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