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Valuing bonds using a spreadsheet

A B C D E F G
1 3.625% annual 3.625% semi-annual 6% annual
2 coupon bond, coupon bond, coupon bond,
3 maturing May 2013 Formula in column B maturing May 2013 30-year maturity
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5 Settlement date 5/15/2010 =DATE(2010,5,15) 5/15/2010 1/1/2000
6 Maturity date 5/15/2013 =DATE(2013,5,15) 5/15/2013 1/1/2030
7 Annual coupon rate 0.03625 0.03625 0.06
8 Yield to maturity 0.0125 0.0125 0.07
9 Redemption value (% of face value) 100 100 100
10 Coupon payments per year 1 2 1
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13 Bond price (% of par) 106.951 =PRICE(B5,B6,B7,B8,B9,B10) 106.972 87.591
A B C D E
1 Annual coupons Semiannual coupons
2
3 Settlement date 5/15/2010 5/15/2010
4 Maturity date 5/15/2013 5/15/2013
5 Annual coupon rate 0.03625 0.03625
6 Bond price 106.951 106.951
7 Redemption value (% of face value) 100 100
8 Coupon payments per year 1 2
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10 Yield to maturity (decimal) 0.0125 0.0126
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12 The formula entered here is =YIELD(B3,B4,B5,B6,B7,B8)