Question: Target Co has a $ 1 0 0 , 0 0 0 , 0 0 0 bond outstanding that has 1 0 years to maturity

Target Co has a $100,000,000 bond outstanding that has 10 years to maturity and a 5% coupon payable semi-annually. The yield on the bond is 8%. Show how to price the bond using both the excel Price and NPV functions.

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