Question: What would the appropriate excel formulas be? You are considering purchasing a bond that would pay you $203 every six months. Your plan is to

What would the appropriate excel formulas be? You are considering purchasing

What would the appropriate excel formulas be?

You are considering purchasing a bond that would pay you $203 every six months. Your plan is to hold the bond for 10 years, at which point you believe you will be able to sell the bond for $10,250.66. If you can purchase the bond today for $8,640.27 what would your return be from purchasing the bond? (10 points) Answer If the price you have to pay for the bond increases to $10,149.40 what would your new return be? (10 points)

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