Price of Bond = PV of Cash flows from it.
Year | CF | PVF @9% | Disc CF |
1 | $ 80.00 | 0.9174 | $ 73.39 |
2 | $ 80.00 | 0.8417 | $ 67.33 |
3 | $ 80.00 | 0.7722 | $ 61.77 |
4 | $ 80.00 | 0.7084 | $ 56.67 |
5 | $ 80.00 | 0.6499 | $ 51.99 |
6 | $ 80.00 | 0.5963 | $ 47.70 |
7 | $ 80.00 | 0.5470 | $ 43.76 |
8 | $ 80.00 | 0.5019 | $ 40.15 |
8 | $ 1,000.00 | 0.5019 | $ 501.87 |
Price of Bond | $ 944.65 |
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