N 1 2 3

PV 95.51 91.05 86.38

PMT 0 0 0
FV 100 100 99.99996
r 4.70% 4.80% 5.00%

GOAL SEEK
FV=PV * (1+r)^n Set cell FV
To value 100 (given that this is face value)
by changing r
 4 5
81.65 76.51 USE NEGATIVES IN FINANCIAL CALCULATOR
0 0
99.99962 100 GIVEN THIS IS 100
5.20% 5.50%

n that this is face value)

FV $ 1,000.00
Coupon rate 6%
Annual cpn payment $ 60.00

Years
1 4.0%
2 4.3%
3 4.5%
4 4.7%
5 4.8%

Number of years 2
Price $1,032.09

Since the price of the security is more than its face value, it’s trading at pr
, it’s trading at premium.
FV $ 1,000.00
Coupon rate 0%
Annual cpn payment $ -

Years
1 4.0%
2 4.3%
3 4.5%
4 4.7%
5 4.8%

Number of years 5
Price $791.03
FV $ 1,000.00
Coupon rate 4%
Annual cpn payment $ 40.00

Years
1 4.0%
2 4.3%
3 4.5%
4 4.7%
5 4.8%

Number of years 3
Price $986.58
YTM 4% added this later based on convo.
FV 1000
Coupon rate 8%
Current price $ 1,068.36
Yrs to maturity 7
Frequency 2 semi-annual

YTM 6.76%

New YTM 7%
New price $1,054.60