Calculate the price of a seven-year $1000 bond with an $50 annual coupon payment and...
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Accounting
Calculate the price of a seven-year $1000 bond with an $50 annual coupon payment and a YTM of 7%. Enter the excel formula you would use to solve this problem. Example: =PMT(3%,8,500,0) Do NOT put any spaces in your formula and use capital letters
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