...a corporate bond with a face value of $1,000 matures in 3 years, has a 9% coupon paid at the end of each year, and a market price of $950?

With Excel Rate function, FV=$1000, Nper=3, PMT=$1000x9%, PV=-$950, Solve for rate: 11.04% .

*Category: C++ Quant > Debt > Valuation*

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