Question: valuation use excel function and tell me the step As an investor, you are considering an investment in new bonds being issued by Wayne Enterprises.

valuation use excel function and tell me the step
valuation use excel function and tell me the step As an investor,

As an investor, you are considering an investment in new bonds being issued by Wayne Enterprises. The bonds pay interest semiannually, mature in 30 years, and have a coupon rate of 4% with a par value of $1,000. The bonds have a quoted price of 97.26. (Remember that bonds are quoted as a percent of par value) If you could get a 8.6% yield to maturity on bonds with a similar level of risk as the Wayne Enterprises bonds, what is the highest price you would be willing to pay for Wayne's bonds? ( 4 points)

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