(Use excel)Pioneer Limited issued a bond on 1 April 2016 for $55,000 with a face...
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(Use excel)Pioneer Limited issued a bond on 1 April 2016 for $55,000 with a face value of $60,000 on 1 April 2024. The coupon rate is 8% per annum.
1. Calculate the annual coupon payment.
2. Estimate the yield to maturity
3. This bond is trading at premium, par or discount.
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