engleski

Valuation of Zero Coupon Bonds Using Excel

Abstract - The valuation of zero coupon bonds, or bonds which are paying no coupons or interests and are selling at a discount, is a straightforward discounting problem. To analyze zero coupon bonds, i.e. their present value, yield to maturity and duration, adequate models will be presented and a special spreadsheet developed using only plain vanilla Excel with its basic financial functions. The reason for using only plain vanilla Excel is a better compatibility and portability of such spreadsheets, for students and other users, on different platforms or computers.

valuation ; bonds ; zero coupon ; Excel

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