Let's change a few numbers from the last bond problem. Even though the bonds have a maturity of 20 years, after 4 years pass you decide that you want to sell your TSF bond. Similar bonds now have a 3% coupon. What should be the value of your bond now in the secondary market? Yes - you must show all work. Time Value: FV=PV(FVFk,n)FVOA=PMT(FVFOAk,n)PV=FV(PVFk,n)PVOA=PMT(PVFOAk,n) Bond Valuation: V=(INTPVFOA)+(MPVF) Let's change a few numbers from the last bond problem. Even though the bonds have a maturity of 20 years, after 4 years pass you decide that you want to sell your TSF bond. Similar bonds now have a 3% coupon. What should be the value of your bond now in the secondary market? Yes - you must show all work. Time Value: FV=PV(FVFk,n)FVOA=PMT(FVFOAk,n)PV=FV(PVFk,n)PVOA=PMT(PVFOAk,n) Bond Valuation: V=(INTPVFOA)+(MPVF)