First, you have to do problem 4-9 using a financial calculator

Pmt and pv are still the same. Problem e. First, using PV function in Excel to calculate present value of bond without call and with call. PV(rate,nper,pmt,fv,type) Rate is the interest rate per period. Nper is the total number of payment periods in an annuity. Pmt is the payment made each period and cannot change over the life of the annuity. ................
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