QUESTION 1: Bond Pricing A bond was issued with a 15-year maturity on 10th June...
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QUESTION 1: Bond Pricing A bond was issued with a 15-year maturity on 10th June 2021, boasting an annual coupon rate of 1.33% and an annual payment frequency. Given today's trading conditions and the anticipation that bonds of this calibre are expected to yield 5.5% annually, determine the bond's selling price. Please provide the solution using Excel, ensuring to show formulae, as well as an algebraic solution detailing the relevant financial mathematics.
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