Question: please solve using formulas not excel Section 3.3 Bond Investments 18. Five 15-year bonds each having a face value of $1,000 and a coupon rate

please solve using formulas not excel

Section 3.3 Bond Investments 18. Five 15-year bonds each having a face value of $1,000 and a coupon rate of 6% per 6 months payable semiannually were purchased for $7,000 8 years ago, and the 16th coupon payment was just made. What can they be sold for now to a buyer if that buyer's desired return is 4% per 6 months

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