Use PRICE function in Excel

? X - Sign In FILE * Paste Clipboard Calculating a bond price - Excel HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Arial 12 F A = % B IU- 2. - A - Alignment Number Conditional Format Cell Formatting as Table Styles Styles Cells Editing Font D17 =PRICE D E F G Yan Yan Corp. has a $2,000 par value bond outstanding with a coupon rate of 4.9 percent paid semiannually and 13 years to maturity. The yield to maturity of the bond is 3.8 percent. What is the dollar price of the bond? 1/1/2000 1/1/2013 4.90% Settlement date Maturity date Coupon rate Coupons per year Redemption value (% of par) Yield to maturity Par value 100 3.80% 2,000 Complete the following analysis. Do not hard code values in your calculations. Leave the "Basis" input blank in the function. You must use the built-in Excel function to answer this question. 16 17 Dollar price 18 19 =PRICEO PRICE(settlement, maturity, rate, yld, redemption, frequency (basis)) ... Sheet1 ... + READY !! O D - + 100% Attempt(s) 1/3 Hint Step: Use the PRICE function to find the price of a bond. Remember, Excel calculates the price as a percentage of par value