d.) Value of bond determined By finding the PV of the bonds expected coupon payments at the bonds required rate of return.

10 N

100 PMT

1000 FV

10 I/Y CPT PV=$1000.00

e.) 1. 10 N

100 PMT

1000 FV

13 I/Y CPT PV= $837.2127 so $837.21

Selling at a Discount.

2. 10 N

100 PMT

1000 FV

7 I/Y CPT PV = $1210.7074 or $1210.71

Selling at a Premium.

Are these answers correct in the mimi case problem d. and e. or is PMT supposed to be a negative for the calculation? Thank you