What is the excel formula for this question: What is the value of a bond that has a par value of $1,000, a coupon rate of 9.97 percent (paid annually), and that matures in 16 years? Assume a required rate of return on this bond is 11.03 percent.
What is the excel formula for this question: <br/><br/><br/>What is
the value of a bond that has a par value of $1,000, a coupon rate of 9.97 percent (paid annually), and that matures in 16 years? Assume a required rate of return on this bond is 11.03 percent.
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