Open the sleeping beauty excel workbook

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Open the Sleeping Beauty Excel Workbook, which contains a number of worksheets. Double-click on the Basic Spreadsheet. It contains a list of years and payments made each year on the Sleeping Beauties. (For simplicity, we are ignoring the fact that U.S. debentures, by convention, pay interest semiannually.) The NPV function in Excel calculates values of cash flow streams for a given interest rate. Cell F15 in a box titled Present Value contains the formula and shows the resulting price of the bonds. What interest rate was used to calculate the price? Was it higher or lower than 7.55%?

Reference no: EM132293811

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