coupon payments par value P, C C.F. + + ... + (1+1)' (1+1) 2. Semiannual Compounding C/m C/m C/m C/ mF + + +... (1+i/m)' (1+i/m) (1+i/m) (1+i/m) g. what is the price of a three-year, 5% coupon bond with a market yield of 8% and semi-annual coupon payments? 64. PV of multiple cash flows: Ajax Corp. is expecting the following cash flows- $79,000, $112,000, $164,000, $84,000, and $242,000 over the next five years. If the company's opportunity cost is 15 percent, what is the present value of these cas flows? (Round to the nearest dollar.)