can you explain how to get 40 for the PMT? that is what im confused about

1. What is the current value of a $1,000 par value bond that matures in 10 years, has a coupon 2 pts rate of 8% with interest paid semiannually, and a yield to maturity of 12%? $773.99 $852.80 X $770.60 $1.271.81 n = 20 PV = 770.60 FV 1,000 Chapter 6 PMT 40 i =6 PV PMT FV h 1OXZ 12/ Soluc 26 an investment in the common stock of a company. The 2. You are considering making company has a long history of paying dividends. The compound annual growth rate of the dividend is 7%. The last year's annual dividend was $2. The stock is currently selling for $215. You require a return of at least 8% to make an investment in common stock. Based 2 pts on the