Question: Use excel and show your excel workbook with the formulas in each cell. A bond has just been issued. The bond has an annual coupon

Use excel and show your excel workbook with the formulas in each cell. A bond has just been issued. The bond has an annual coupon rate of 7% and coupons are paid annually. The bond has a face value of $1,000 and will mature in 9 years. The bond's yield to maturity is 10%.
a. Calculate the actual currency change in the bond's price as the yield to maturity changes from 10% to 8.5%.
b. Use the bond's duration to calculate the bond's approximate currency price change as the yield to maturity changes from 10% to 8.5%.

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