Compute the value after three years of $1, 000 invested in a 4-
year bond with $32 annual coupons and $100 face value if the
rates in consecutive years are as follows:
Scenario 1: 12%, 11%, 12%, 12%;
Scenario 2: 12%, 13%, 12%, 12%;
Scenario3: 12%, 10%, 14%,11%.
Design a spreadsheet and experiment with various interest rates.
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