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CHALLENGE 3 . O You are getting close! Now you just need to calculate the value of this bond. You need to do this 3
CHALLENGE 3 . O You are getting close! Now you just need to calculate the value of this bond. You need to do this 3 ways: Using a formula Using a financial calculator Using Excel Face Value First, use the formula and clues you collected. Assume an (FV) annual yield to maturity of 4%. Enter your answer into the space below, then click Submit to check your work. $5000 1 FV 1 Yield to Maturity = CPN [. = (1- )] + Remaining Payments (1+y)" (1+y)N Coupon Payment (CPN) (N) Hint: y = yield per payment period Hint: Semiannual yield = Annual yield/2 10 $181.25 Answer: $ 5729.835 Not quite! Please try again
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