Question: I am trying determine the answer of this question using excel, however, the =pv formula does not give me the correct answer. i believe i

I am trying determine the answer of this question using excel, however, the =pv formula does not give me the correct answer. i believe i am doing it wrong. here is the question.

Microhard has issued a bond with the following characteristics:
Par: $1,000
Time to maturity:9 years
Coupon rate: 12 percent
Semiannual payments
Calculate the price of this bond if the YTM is(Do not round intermediate calculations and round your answersto 2 decimal places, e.g., 32.16.):

Price of the Bond
a. 12 percent $
b. 14 percent $
c. 10 percent $

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