CKS Inc.'s bond has a $1,000 lump sum (the par value) due at maturity (t = 5), and annual $90 coupon payments beginning at t = 1 and continuing through t = 5, the price of the bond can be found by solving for the PV of these cash flows.

- CKS Inc.'s bond has a $1,000 lump sum (the par value) due at maturity (t=5), and annual $90 coupon payments beginning at t=1 and continuing through t=5, the price of the bond can be found by solving for the PV of these cash flows