Question: Complex finance problems using Excel. Compost International issued $1000 bonds on May 12, 2000 in order to finance world-wide expansion. The bonds have a coupon

Complex finance problems using Excel.

  1. Compost International issued $1000 bonds on May 12, 2000 in order to finance world-wide expansion. The bonds have a coupon rate of 8.4% with payments on a semi-annual basis (November 12, May 12) and mature on May 12, 2020. You purchased one of Composts $1000 bond on June 25, 2004 and plan to hold the bond to maturity. The bond has a list price of $1090 (not including accrued interest).

Compute the semi-annual coupon payment, the accrued interest, the invoice price of the bond, and the Yield to Maturity (YTM) of your bond.

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