Bond Pricing

Settlement Date
Maturity Date
Coupon
Yield
Frequency
Redemption Value
Face Value
Price

1/1/2010
12/31/2014
10%
12%
2
$100
$100
92.6421291

Data Table for Settlement date

Settlement Date
Price
92.6421291
1/1/2010 92.6421291
2/1/2010 92.7131423
3/1/2010 92.7929808
4/1/2010 92.8817308
5/1/2010 92.9794792
6/1/2010 93.0863139
7/1/2010 93.2007046
8/1/2010 93.2771689
9/1/2010 93.3625116
10/1/2010 93.4568196
11/1/2010 93.5601802
12/1/2010 93.6726818
1/1/2011 93.7927947
2/1/2011 93.8750371
3/1/2011 93.9662143
4/1/2011 94.0664136
5/1/2011 94.1757231
6/1/2011 94.2942317
7/1/2011 94.4204102
8/1/2011 94.5087773
9/1/2011 94.6061391
10/1/2011 94.7125834
11/1/2011 94.8281987
12/1/2011 94.9530746
1/1/2012 95.0856827
2/1/2012 95.180542
3/1/2012 95.2844594
4/1/2012 95.3975232
5/1/2012 95.5198228
6/1/2012 95.6514481
7/1/2012 95.7908715
8/1/2012 95.8926126

Data Table for Coupon

Coupon
Price
92.64213
5% 74.24984
5.50% 76.08907
6% 77.9283
7% 79.76753
7% 81.60676
7.50% 83.44599
8% 85.28521
9% 87.12444
9% 88.96367
9.50% 90.8029
10% 92.64213
11% 94.48136
11% 96.32059
11.50% 98.15981
12% 99.99904
13% 101.8383
13% 103.6775
13.50% 105.5167
14% 107.356
15% 109.1952
15% 111.0344

Data Table for Yield

Yield
Price
92.64213
5% 121.8691
5.50% 119.4304
6% 117.0519
7% 114.7318
7% 112.4686
7.50% 110.2608
8% 108.1067
9% 106.0049
9% 103.954
9.50% 101.9526
10% 99.99933
11% 98.0929
11% 96.23204
11.50% 94.41551
12% 92.64213
13% 90.91073
13% 89.2202
13.50% 87.56943
14% 85.95737
15%
84.383
15% 82.84531

Price vs Coupon
120
100

100

96.0034789
96.1235595
96.2529443
96.391724
96.5383716
96.6474074
96.7656396
96.893158
97.0300531
97.1764165
97.3307217
97.4474899
97.57353
97.7089324
97.8537885
98.0081905
98.1706128
98.2955774
98.4298937
98.5736532
98.7269479
98.889871
99.0599857
99.170645
99.2994639
99.4469713
99.6137173
99.8002733

80
60
40
20
11.50%

12%

11.50%

12%

11%

11%

10%

120
100
80
60
40
20
13%

11%

11%

10%

9.50%

8%
10/1/2014

9%

7.50%
7/1/2014

1/1/2014

10/1/2013

7/1/2013

4/1/2013

1/1/2013

10/1/2012

7/1/2012

4/1/2012

9%

7%

4/1/2014

7%

6%

5.50%

1/1/2012

10/1/2011

7/1/2011

4/1/2011

1/1/2011

10/1/2010

7/1/2010

9.50%

140

102
100
98
96
94
92
90
88
4/1/2010

9%

Price vs Yield

Bond Price vs Settlement Date

1/1/2010

9%

8%

7.50%

7%

7%

6%

5.50%

5%

5%

9/1/2012
10/1/2012
11/1/2012
12/1/2012
1/1/2013
2/1/2013
3/1/2013
4/1/2013
5/1/2013
6/1/2013
7/1/2013
8/1/2013
9/1/2013
10/1/2013
11/1/2013
12/1/2013
1/1/2014
2/1/2014
3/1/2014
4/1/2014
5/1/2014
6/1/2014
7/1/2014
8/1/2014
9/1/2014
10/1/2014
11/1/2014
12/1/2014

Data Table for frequency

Frequency Price
92.64212906
1 92.79188503
2 92.64212906
3
#NUM!
4 92.56388979
5
#NUM!
6
#NUM!
7
#NUM!
8
#NUM!
9
#NUM!
10
#NUM!
11
#NUM!
12
#NUM!

Price Voltality
Coupon Rate

Interest Rate

92.64213
5%
6%
7%
8%
9%
10%
11%
12%
13%
14%
15%
16%
17%
18%

Coupon
4%
95.62598
91.47371
87.53071
83.78535
80.22671
76.84451
73.6291
70.57139
67.66283
64.89537
62.26146
59.75395
57.36613
55.09166

5%
99.99983
95.73673
91.68703
87.83891
84.18126
80.70365
77.39626
74.24984
71.25572
68.40571
65.6921
63.10765
60.64551
58.29925

6%
104.3737
99.99976
95.84335
91.89246
88.13581
84.56279
81.16341
77.9283
74.84862
71.91604
69.12274
66.46134
63.92489
61.50684

6%
7%
8%
9%
10%
11%
12%
13%
14%
15%
16%
17%
18%

Variability
4%
0.043422
0.043105
0.042789
0.042473
0.042158
0.041843
0.041529
0.041214
0.040901
0.040587
0.040274
0.039961
0.039648

5%
0.042631
0.0423
0.04197
0.04164
0.041311
0.040982
0.040653
0.040325
0.039997
0.039669
0.039342
0.039015
0.038688

6%
0.041906
0.041564
0.041222
0.040881
0.04054
0.040199
0.039859
0.039519
0.03918
0.038841
0.038503
0.038164
0.037827

Price Voltality With Coupon

15%

15%

14%

13.50%

13%

13%

12%

0.05

0.045

0.04

0.035

0.03

0.025

0.02

15%

15%

14%

13.50%

13%

13%

12%

0.015

0.01

0.005

0
6%

7%

8%

9%

10%

11%

12%

13%

7%
108.7475
104.2628
99.99967
95.94602
92.09036
88.42192
84.93057
81.60676
78.44151
75.42637
72.55338
69.81504
67.20428
64.71442

8%
113.1214
108.5258
104.156
99.99957
96.04491
92.28106
88.69772
85.28521
82.03441
78.93671
75.98403
73.16874
70.48366
67.92201

9%
117.4952
112.7888
108.3123
104.0531
99.99946
96.1402
92.46488
88.96367
85.6273
82.44704
79.41467
76.52244
73.76304
71.1296

10%
121.8691
117.0519
112.4686
108.1067
103.954
99.99933
96.23204
92.64213
89.2202
85.95737
82.84531
79.87613
77.04243
74.33719

7%
0.04124
0.040888
0.040537
0.040186
0.039835
0.039485
0.039136
0.038787
0.038438
0.03809
0.037742
0.037395
0.037049

8%
0.040625
0.040265
0.039906
0.039547
0.039188
0.038831
0.038473
0.038117
0.037761
0.037406
0.037051
0.036697
0.036344

9%
0.040056
0.039689
0.039323
0.038958
0.038593
0.038229
0.037865
0.037503
0.037141
0.03678
0.036419
0.03606
0.035701

10%
0.039528
0.039156
0.038784
0.038413
0.038043
0.037673
0.037305
0.036937
0.03657
0.036205
0.03584
0.035476
0.035114

With Coupon

14%

15%

16%

17%

18%

Data Table for Settlement date

Settlement Date
1/1/2010
2/1/2010
3/1/2010
4/1/2010
5/1/2010
6/1/2010
7/1/2010
8/1/2010
9/1/2010
10/1/2010
11/1/2010
12/1/2010
1/1/2011
2/1/2011
3/1/2011
4/1/2011
5/1/2011
6/1/2011
7/1/2011
8/1/2011
9/1/2011
10/1/2011
11/1/2011
12/1/2011
1/1/2012
2/1/2012
3/1/2012
4/1/2012
5/1/2012
6/1/2012
7/1/2012
8/1/2012
9/1/2012
10/1/2012
11/1/2012
12/1/2012
1/1/2013
2/1/2013
3/1/2013
4/1/2013
5/1/2013
6/1/2013
7/1/2013
8/1/2013

Price
92.64213

9/1/2013
10/1/2013
11/1/2013
12/1/2013
1/1/2014
2/1/2014
3/1/2014
4/1/2014
5/1/2014
6/1/2014
7/1/2014
8/1/2014
9/1/2014
10/1/2014
11/1/2014
12/1/2014