Question: Questions on Bonds: Answer with a working worksheet making the cash flows in each period explicit (not using the PRICE function or PV, FV, RATE,

Questions on Bonds: Answer with a working worksheet making the cash flows in each period explicit (not using the PRICE function or PV, FV, RATE, PMT, NPER functions ) each of the questions below

Questions on Bonds: Answer with a working worksheet making the cash flows

Please show all steps and excel formulas.

4. Consider a bond selling at par ($100) with a coupon rate of 6% and 10 years to maturity. a. What is the price of this bond if the required yield is 15%? b. What is the price of this bond if the required yield increases from 15% to 16%, and by what percentage did the price of this bond change? c. What is the price of this bond if the required yield is 5%? d. What is the price of this bond if the required yield increases from 5% to 6%, and by what percentage did the price of this bond change

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