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Please show how to solve using EXCEL ONLY EXCEL INSTRUCTIONS ONLY 8. David Hoffman purchases a...

Please show how to solve using EXCEL ONLY

EXCEL INSTRUCTIONS ONLY

8. David Hoffman purchases a $1,000 20‐year bond with an
8 percent coupon rate (annual payments). Yields on comparable
bonds are 10 percent. David expects that, 2 years from
now, yields on comparable bonds will have declined to 9 percent.
Find his expected yield, assuming the bond is sold
in 2 years.

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