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A 6 percent corporate coupon bond is callable in five years for a call premium...

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Accounting

A 6 percent corporate coupon bond is callable in five years for a call premium of one year of coupon payments. Assuming a par value of $1,000, what is the price paid to the bondholder if the issuer calls the bond? You must use the built-in Excel function to answer this question. All answers should be displayed as positive numbers. Input area: Corporate bond rate Callable years 6.00% Call premium years B 9 0 Par value 11 12 Output area: 13 14 Price paid to bondholder if called 15 16 17 18 Students: The scratchpad area is for you to do any additional work you need to solve this question or can be used to show your work. 19 Nothing in this area will be graded, but it will be submitted with your assignment. 20 21 22 5 1 $1,000 G Your formula must include the FV function and return a positive value.
need help in excel format image
A 6 percent corparate coupon bond is callable in five vears for a call premium of one year of coupon payments. Asuming a par value of $1,000, what is the price paid ta the bondholder if the issuer calls the bond? You must use the built-in Excel function to answer this question. All answers should be displayed as positive numbers. isput area Outeit area: Brice peid to bonshalder if called

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