AutoSave OFF Chapter 5 HV Home Insert Draw Page Layout Formulas Data Review View Tell me Times New Roman 10 ' ' lo 29 Wrap Text General B I U === MI Merge & Center $ %> G184 Xfx D E F G H 1 B 172 173 Test Your Skills: K EJ Corp bond carries a 9 percent coupon, paid semi-annually. The par value is $1,000, and the bond matures in 12 years. If the bond currently sells for $905.50 (PV), what is its yield to maturity 174 175 176 177 178 Enter PV as a negative number. Calculate equal 24 payments ($1,000*09/2) and enter. Remember the last payment is the retum of principal plus PT. Use IRR(cash flows) 180 181 Payment Time Periods 182 183 184 185 Today Cash Flow PV> -1000 1 2 3 186 4 5 187 188 189 190 6 7 192 8 192 193 9 10 194 11 195 196 197 198 12 13 14 15 Loan Bond + Ready NE esa 0