Dynamic Chart Annual Percentage Rate

Inputs

Rate Convention: 1 = EAR, 0 = APR 0 0

Annual Coupon Rate (CR) 5.0% 10

Yield to Maturity (Annualized) (y) 9.0% 18

Number of Payments / Year (NOP) 2 2

Face Value (FV) $1,000 20

OutputsDiscount Rate / Period (RATE) 4.5%Coupon Payment (PMT) $25

Dynamic Chart OutputsTime to Maturity (Years) 1 2 3 4 5 6 7Number of Periods to Maturity 2 4 6 8 10 12 14Bond Price of Coupon Bond $963 $928 $897 $868 $842 $818 $796 Bond Price of FV Bond $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000

BOND PRICING

0 5 10 15 20 25 30

$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

$1,800

$2,000 Dynamic Chart of Bond Pricing

Time To Maturity (Years)

Bo

nd

Pri

ce

Annual Percentage Rate

8 9 10 11 12 13 14 15 16 17 1816 18 20 22 24 26 28 30 32 34 36

$775 $757 $740 $724 $710 $697 $685 $674 $664 $655 $647 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000

0 5 10 15 20 25 30

$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

$1,800

$2,000 Dynamic Chart of Bond Pricing

Time To Maturity (Years)

Bo

nd

Pri

ce

19 20 21 22 23 24 25 26 27 28 2938 40 42 44 46 48 50 52 54 56 58

$639 $632 $626 $620 $614 $609 $605 $601 $597 $593 $590 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000

3060

$587 $1,000