Question: Solution is needed in EXCEL format please (EXCEL formula needed) Example 1: Bond Pricing As with any financial instrument, the price of a bond is

Solution is needed in EXCEL format please (EXCEL formula needed)

Example 1: Bond Pricing
As with any financial instrument, the price of a bond is just the present value of the future cash flows. What is the price of a bond with semiannual coupon payments and the following characteristics?
Coupon rate: 8.00%
Years to maturity: 10
Yield to maturity: 7.50%
Par value: $ 1,000
Since the bond has semiannual payments, the coupon payments will be:
Coupon payments:
Of course, we could have simply entered the coupon payments and par value in the same PV function, making sure that both were negative. This would give us:
Bond price:

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