Question: can you solve it in excel? the anwser should be 18038 A 10 -year, $20,000 bond was issued at a nominal interest rate of 8.19%
can you solve it in excel? the anwser should be 18038
A 10 -year, $20,000 bond was issued at a nominal interest rate of 8.19% with semiannual compounding. Just after the fourth interest payment, the bond will be sold. Assume that an effective interest rate of 10.25% will apply, and calculate the price of the bond
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