Question: PLEASE SOLVE USING EXCEL The $1,000 face value ABC bond has a coupon rate of 6%, with interest paid semi-annually, and matures in 5 years.

PLEASE SOLVE USING EXCEL

The $1,000 face value ABC bond has a coupon rate of 6%, with interest paid semi-annually, and matures in 5 years. If the bond is priced to yield 8%, what is the bond's value today?

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