Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
4th Edition
ISBN: 9781111581565
Author: Gaylord N. Smith
Publisher: Cengage Learning
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f. Now assume the date is October 25,2020. Assume further that a 10%, 15-year bond was
issued on July 1,2020, pays interest semiannually (on January 1 and July 1), and sells for $1,18
0. Again, it may be called in 7 years from the date of issue at a call price of $1,070. Use your
spreadsheet to find the bond's yield. Round your answers to two decimal places.
Yield to maturity:
%
Yield to call:
%
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Transcribed Image Text:f. Now assume the date is October 25,2020. Assume further that a 10%, 15-year bond was issued on July 1,2020, pays interest semiannually (on January 1 and July 1), and sells for $1,18 0. Again, it may be called in 7 years from the date of issue at a call price of $1,070. Use your spreadsheet to find the bond's yield. Round your answers to two decimal places. Yield to maturity: % Yield to call: %
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