Question: please use excel Problem 5: (See Problem 1_Demonstration) Michigan Electric Company Bonds Face Value $1,000.00 Coupon Rate 6.00% Frequency 2 (Semi-Annual Interest Payments) Maturity (Years)

please use excel Problem 5: (See Problem 1_Demonstration) Michigan Electric Company Bonds please use excel

Problem 5: (See Problem 1_Demonstration) Michigan Electric Company Bonds Face Value $1,000.00 Coupon Rate 6.00% Frequency 2 (Semi-Annual Interest Payments) Maturity (Years) 15 Yield to Maturity 6.80% Given the yield to maturity; Calculate the price of the bond using PV function in Excel

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