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abhi_23
 
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Default Price Function - Difficulty in understanding the formula


Hi
I am not able to understand the Price function in Excel.
As i tried to calculate the Price of a bond on the basis of the Formula
( manually )given in the Excel Help on function and tried to compare the
result with the Price Function there appears to be some diifference in
the two values.
I any one can correct me on this if my understanding of the formula is
wrong.
Kindly refer to the attachments for solving and comparisions.


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