Chapter 9: Net Present Value and other Investment Criteria
1) Face Value = FV; the face or par value is a lump sum you receive at some point in the future, so you can call it the FV. 2) PMT = coupon payments. The coupon payments are nothing more than an annuity, so you can represent them using the PMT keys. 3) PV = price or value of the bond. The value of a bond is simply the PV of all of the future ... ................
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