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The bond is currently selling for 1448 par value of the

What is the excel formula for the following:

Dan is considering the purchase of Super Technology, Inc. bonds that were issued 6 years ago. When the bonds were originally sold they had a 28-year maturity and a 6.33 percent coupon interest rate, paid annually. The bond is currently selling for $1,448. Par value of the bond is $1,000. What is the yield to maturity on the bonds if you purchased the bond today?

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Finance Basics: The bond is currently selling for 1448 par value of the

Reference No:- TGS02338415

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Finance Basics: The bond is currently selling for 1448 par value of the

Reference No:- TGS02338415

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