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NPV Bonds Uneven Cash Flows
Hello Everyone I'm new to finance and am having an issue with a problem valuing bonds. I'm working with the HP12C calculator and cannot get the right answer. The question is:
The Morgan Corp has two different bonds currently outstanding. Bond M has a face value of $30,000 and matures in 20 years. The bonds makes no payments for the first 6 years, then pays $800 every six months over the subsequent 8 years and finally pays $1,000 every six months for the last 6 years. Bond N also has a face value of $30,000 and maturity of 20 years; it makes no coupon payments over the life of the bond. If the required return on both these bonds is 8% compounded semiannually what is the current price of Bond M? Of bond N? I've been able to set up the formula for both: PM = $800(PVIFA4%,16)(PVIF4%,12) + $1,000(PVIFA4%,12)(PVIF4%,28) + $30,000(PVIF4%,40) PN = $30,000(PVIF4%,40) I am struggling with how to enter uneven cash flows over multiple periods in the HP12C. Thank you for your help, Drew 
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