... Change N = 1, PV = ? PV = $1,047.62.Answers and Solutions: 7 - 2SOLUTIONS TO END-OF-CHAPTER PROBLEMSAnswers and Solutions: 7 - 1Chapter 7 Bonds and Their Valuation ... would be close to the going rate, and it is about what the firm would have to pay on new bonds. Answers and Solutions: 7 - 47-1 With your financial calculator, enter the following:N = 10; I ... PMT = 70, FV = 1050, and then solve for I.The periodic rate is 3.2366 percent, so the nominal YTC is 2 × 3.2366% = 6.4733% ≈ 6.47%. This would be close to the going rate, and it is about what...