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The following investment cash flows have been entered into cells B5 through B9 of an EXCEL spreadsheet. B5 $(5,200 ) , B6 $2,100, B7 $1,300, B8 $1,800, B9 $1,200, where $5,200 is the cost of the investment and the following amounts are cash flows at the end of years one through four. The correct function for computing the yield on this investment is
Face Value
The nominal or dollar value printed on a bond, stock, or other financial instrument, representing the value at issuance and the value to be repaid at maturity.
Zero-Coupon Bond
A financial security that does not pay periodic interest but is sold at a discount from its face value, and the investor receives the face value at maturity.
Maturity
The date when the principal or nominal amount of a financial instrument, such as a bond or loan, becomes due and payable.
Par Value
The nominal or face value of a bond, stock, or coupon as stated by the issuer, typically not related to its market value.
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