Check the numbers given in the above tables.
| Year | 0 | 1 | 2 | 3 |
| Rate | 12% | 12% | 12% | 12% |
| PV of coupon 1 | $8.87 | $10.00 | ||
| PV of coupon 2 | $7.87 | $8.87 | $10.00 | |
| PV of coupon 3 | $6.98 | $7.87 | $8.87 | $10.00 |
| PV of coupon 4 | $6.19 | $6.98 | $7.87 | $8.87 |
| PV of face value | $61.88 | $69.77 | $78.66 | $88.69 |
| Bond price | $91.78 | $93.48 | $95.40 | $97.56 |
| Cashed coupons | $108.96 | $120.60 | $133.26 | |
| Additional bonds | 1.17 | 1.26 | ||
| Number of bonds | 10.9 | 12.06 | 13.33 | |
| Value of investment | $1, 000.00 | $1, 127.50 | $1, 271.25 | $1, 433.33 |
| Year | 0 | 1 | 2 | 3 |
| Rate | 12% | 10% | 10% | 10% |
| PV of coupon 1 | $8.87 | $10.00 | ||
| PV of coupon 2 | $7.87 | $9.05 | $10.00 | |
| PV of coupon 3 | $6.98 | $8.19 | $9.05 | $10.00 |
| PV of coupon 4 | $6.19 | $7.41 | $8.19 | $9.05 |
| PV of face value | $61.88 | $74.08 | $81.87 | $90.48 |
| Bond price | $91.78 | $98.73 | $99.11 | $99.53 |
| Cashed coupons | $108.96 | $119.99 | $132.10 | |
| Additional bonds | 1.1 | 1.21 | ||
| Number of bonds | 10.9 | 12 | 13.21 | |
| Value of investment | $1, 000.00 | 1, 184.65 | $1, 309.25 | $1, 446.94 |
| Year | 0 | 1 | 2 | 3 |
| Rate | 12% | 14% | 14% | 14% |
| PV of coupon 1 | $8.87 | $10.00 | ||
| PV of coupon 2 | $7.87 | $8.69 | $10.00 | |
| PV of coupon 3 | $6.98 | $7.56 | $8.69 | $10.00 |
| PV of coupon 4 | $6.19 | $6.57 | $7.56 | $8.69 |
| PV of face value | $61.88 | $65.70 | $75.58 | $86.94 |
| Bond price | $91.78 | $88.53 | $91.83 | $95.63 |
| Cashed coupons | $108.96 | $121.26 | $134.46 | |
| Additional bonds | 1.23 | 1.32 | ||
| Number of bonds | 10.9 | 12.13 | 13.45 | |
| Value of investment | $1, 000.00 | $1, 073.53 | $1, 234.85 | $1, 420.41 |
| Scenario | Value after 3 years |
| 12%, 12%, 12%, 12% | $1,433.33 |
| 12%, 10%, 10%, 10% | $1,433.68 |
| 12%, 14%, 14%, 14% | $1,433.78 |