Answer:
$116.78
$110.66
IRR is 3.03%
Find attached
Explanation:
The cash paid for the investment is the present value of all cash flows including coupon and face value promised by the bond discounted using the yield to maturity of 3.03%
=-pv(rate,nper,pmt,fv)
rate is the yield to maturity of 3.03%
nper is the number of annual coupon payments receivable by bondholders which is 10
pmt is the annual coupon=$100*5%=$5
fv is the face value of $100
=-pv(3.03%,10,5,100)=$116.78
Price after four years means that there are only six years left to maturity,hence, nper changes to 6
=-pv(3.03%,6,5,100)=$110.66
Domestic business refers to the business where economic transactions are conducted within the geographical boundaries of the one country. International business refers to the business where economic transactions are conducted across border with several countries in the world.
I use to take music class
