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Hi, could someone please help explain how to input this problem in a financial calculator? What...

Hi, could someone please help explain how to input this problem in a financial calculator?

What must be the price of a $5,000 bond with a 6.9% coupon rate, semiannual coupons, and eight years to maturity if it has a yield to maturity of 10% APR?

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Answer #1

Calculating Present Value,

Using TVM Calculation,

PV = [FV = 5,000, PMT = 172.50, N = 16, I = 0.10/2]

PV = $4,160.07

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