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Mechanically, a bond's price... O consists of two time value problems, an annuity for the coupon payments and a simple PV problem for the par

Mechanically, a bond's price... O consists of two time value problems, an annuity for the coupon payments and a simple PV problem for the par value received at the end of the bond's life. O consists of two time value problems, an annuity for the coupon payments and a simple FV problem for the par value received at the end of the bond's life. O consists of an annuity where the payments are the coupon payments and the final par value at the end of the bond's life

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