What is the current price of a 9 1000 annual coupon bond


What is the current price of a 9%, $1,000 annual coupon bond that has eighteen years to maturity and a yield to maturity of 9.631%?

A) $898
B) $935
C) $942
D) $947

what formula do we use on excel?

 

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Finance Basics: What is the current price of a 9 1000 annual coupon bond
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