Question: I only need the answer. Thank you! Excel Online Structured Activity: Bond valuation You are considering a 30-year, $1,000 par value bond. Its coupon rate


I only need the answer. Thank you!
Excel Online Structured Activity: Bond valuation You are considering a 30-year, $1,000 par value bond. Its coupon rate is 9%, and interest is paid semiannually. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the question below. X Open spreadsheet If you require an "effective" annual interest rate (not a nominal rate) of 8.71%, how much should you be willing to pay for the bond? Do not round intermediate steps. Round your answer to the nearest cent. $ Check My Work Reset Problem Bond valuation Years to maturity Par value of bond Coupon rate Frequency interest paid per year Effective annual rate 30 $1,000.00 9.00% 2 8.71% Calculation of periodic rate: Nominal annual rate Periodic rate Formulas #N/A #N/A Formulas #N/A 0.00% Calculation of bond price: Number of periods Interest rate per period Coupon payment per period Par value of bond Price of bond #N/A $1,000.00 #N/A
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