Question: IN EXCEL FORMULA PLEASE! 3 Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon

IN EXCEL FORMULA PLEASE! 3 Even though most corporate bonds in the IN EXCEL FORMULA PLEASE!

3 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, 23 years to maturity, and a coupon rate of 5.8 percent paid annually. If the yield to maturity is 4.7 percent, what is the current price of the bond in euros? 4 5 6 7 8 9 Settlement date Maturity date Coupon rate Coupons per year Redemption value (% of par) Yield to maturity Par value 1/1/2000 1/1/2023 5.80% 1 100 4.70% 1,000 10 11 12 n 2 3 4 13 14 15 Complete the following analysis. Do not hard code values in your calculations. Leave the "Basis" input blank in the function. You must use the built-in Excel function to answer this question. 16 17 Price in euros

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