Answer Happy

А в E F G H 1 J 2 3 Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of €1,000, 23 years to maturity, and a coupon rate of 5.8 percent paid annually. If the yield to maturity is 4.7 percent, what is the current price of the bond in euros? 4 5 6 7 8 9 10 Settlement date Maturity date Coupon rate Coupons per year Redemption value (% of par) Yield to maturity Par value 1/1/2000 1/1/2023 5.80% 1 100 4.70% €1,000 11 12 13 15 Complete the following analysis. Do not hard code values in your calculations. Leave the "Basis" input blank in the function. You must use the built-in Excel function to answer this question. 16 17 Price in euros 18 Sheet1