Question: Please ONLY use Excel formulas to solve and show them so I can understand. If excel formulas are shown correctly, I will make sure to

Please ONLY use Excel formulas to solve and show them so I can understand. If excel formulas are shown correctly, I will make sure to thumbs up. Thank you!

A 20-year, 8% semiannual coupon bond with a par value of $1,000 may be called in 5 years at a call price of $1,040 The bond sells for $1,100. (Assume that the bond has just been issued.) Basic Input Data Years to maturity Periods per year: Periods to maturity: Coupon rate Par value Periodic payment: Current price Call price Years till callable Periods till callable 20 8% $1,000 $1,100 $1,040 20 a. What is the bond's yield to maturity? 23 24 25 Peridodic YTM Hint: This is a nominal rate, not the effective rate. Nominal rates are generally quoted 27 28 29 b. What is the bond's current vield? Price Current yieldAnnual Coupon Current yield - Current yield Hint: Cell formulas should refer to Input Section (Answer) 32

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