Question: Question# 1 ABC bonds have a 2 0 - year to maturity, $ 1 , 0 0 0 face value, and a 5 % annual

Question#1
ABC bonds have a 20-year to maturity, $1,000 face value, and a 5% annual coupon rate paid semi-annually. Suppose 20-year treasury yields are 4.59%. ABC's default risk premium is 3%, and the Liquidity premium is 0.7%. What is the price of the bond? show in excel

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