What is the price per $1,000 of face value of a seven-year

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Reference no: EM133264624

Question: What is the price (per $1,000 of face value) of a seven-year 8 percent coupon bond issued by the U.S. Treasury? You may assume that the discount rate is 5 percent and that coupons are paid annually at the end of the year.

Please answer this question below

You look in the Wall Street Journal and find that the price of the bond described in the previous question (see above) has a market price of $1,300. Using the goal-seek tool in Excel, find the yield to maturity of the bond.

Please use excel function only [Goal-seek function]

Reference no: EM133264624

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