Question: PLEASE SHOW ALL WORK AND FORMULAS. DON'T USE EXCEL. Ten years ago North Central Positronics (NPC) issued twenty year 14.0% semi- Question 26 annual coupon

PLEASE SHOW ALL WORK AND FORMULAS. DON'T USE EXCEL.

Ten years ago North Central Positronics (NPC) issued twenty year 14.0% semi- Question 26 annual coupon bonds each with a $1,000 face value. Since then, interest rates have generally fallen and the yield to maturity on the NPC bonds is now 12.3%. Give this information, what is the price today for a NPC bond? n 20

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