Problem:
Use the RATE, NPER, and PV functions to solve for "X". Please show the forumulas utilized in an excel format and explain.
Face Value of Bond $1,000 (Zero Coupon)
Price - $300
Maturity (Years) - 30
Yield to Maturity - X%
Price - $300
Maturity (Years) - X
Yield to Maturity - 8%
Price - $X
Maturity (Years) - 10
Yield to Maturity - 10%