Hi All, Still studying but I can see the light at the end of the tunnel ....except its being blocked by BOND PARCELS. Any help would be fantastic: Calculate Purchase Price; * 3 year Government bond parcel; * yield rate 4.75 paid as half yearly coupon * Market interest rate 5.75% and 175 days till maturity Applying the formula PV = FV + C / 1 + I **********That's all the info, I am still missing a value for the calculation??? Is there a set purchase price for government bond parcels? $100,000 or am I off the mark. If someone could show me how to apply this formula it would be greatly appreciated.