Question: please provide excel spreadsheet, on how you arrived at the correct answer. Question 7 0/2 points The Brownstone Corporation bonds have 5 years remaining to
please provide excel spreadsheet, on how you arrived at the correct answer.
Question 7 0/2 points The Brownstone Corporation bonds have 5 years remaining to maturity. Interest is paid annually; the bonds have a $1,000 par value and the coupon rate is 9%. 1. What is the yield to maturity at a current market price of $829? 2. Would you pay $829 for one of these bonds if you thought that the appropriate interest rate was 12%? Why or why not? Note: type your answer in the box provided below. Keep your answer concise. This question has not been graded. The correct answer is not displayed for Written Response type questions
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