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Credits Exit CHALLENG 3 You are getting close! Now you just need to calculate the value of this bond. You need to do this 3

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Credits Exit CHALLENG 3 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 (FV) First, use the formula and clues you collected. Assume an annual yield to maturity of 4%. Enter your answer into the space below, then click "Submit" to check your work $5000 1 (1- y 1 FV Coupon Payment (CPN) Remaining Payments (N) Yield to Maturity = CPN [ - (1+y] (1+y) Hint: y = yield per payment period $181.25 10 = Annual yield/2 Hint: Semiannual yield

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