Your last challenge is to value the bond using Excel. Use the PV formula (see below) and assume an annual yield to maturity of 7.25%. Enter your answer in to the space below, then click "Submit" to check your work. Present Value function: =PV(rate, nper, pmt, [fv], [type]) You can ignore [type] for bond valuation. Hint: Don't forget to enter the yield per payment period (semiannual). You may enter this number as a percent (3.625% or a decimal (.03625). Make sure you include the " " before the formula. Check out an example