Question: Hello, I need help with the following question. I need to calculate the price of the bond in Excel, however, I struggle with finding the

Hello,

I need help with the following question. I need to calculate the price of the bond in Excel, however, I struggle with finding the right formula. Please, show how to calculate the bond's price in Excel spreadsheet. Thank you!

Question:

A coupon bond pays annual interest, has a par value of $1,000, matures in four years, has a coupon rate of 10%, and has a yield to maturity of 12%. What is the present price of the bond? What is the current yield on this bond?

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