Question: i need the excel formula please Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual
Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of 1,000, 27 years to maturity, and a coupon rate of 3.6 percent paid annually. If the yield to maturity is 3.2 percent, what is the current price of the bond in euros? Input area: 1/1/2020 1/1/2047 3.60% Settlement date Maturity date Coupon rate Coupons per year Redemption value (% of par) Yield to maturity Par value 1 100 3.20% 1,000 (Use cells A6 to B12 from the given information to complete this question. You must u question. Leave the "Basis" input blank in the function. You may enter a constant as a Output area: Price (% of par) Price
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