Question: Could you please explain how to use PRICE function in excel in this problem? Cannot get the correct answer $1381.20. Chapter 3 Problem 3P Done
Chapter 3 Problem 3P Done Prices and yields In February 2015 Treasury 4% of 2041 offered a semiannually compounded yield to maturity of 2.70%. Recognizing that coupons are paid semiannually, calculate the bond's price
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