Question: Please show work in excel! Rare Find Inc. has a bond with the following characteristics: Par: $1,000 Time to maturity: 10 years Coupon Rate: 7%,

Please show work in excel!

Rare Find Inc. has a bond with the following characteristics: Par: $1,000 Time to maturity: 10 years Coupon Rate: 7%, semi-annual payments Yield to maturity: 4% Calculate the present value of the bond's lump sum cash flow component. (Enter a positive value and round to 2 decimals)

Rare Find Inc. has a bond with the following characteristics: - Par: $1,000 - Time to maturity: 10 years - Coupon Rate: 7%, semi-annual payments - Yield to maturity: 4% Calculate the present value of the bond's lump sum cash flow component. (Enter a positive value and round to 2 decimals)

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