Suppose a 10-year bond with a 9% annual coupon and $1,000 par value sells for $1,134.20.

[-1,134.20 PV, 90 PMT, 1,000 FV, 10 N, I/YR] = 7.08

[-1,134.20 CFj , 90 CFj , 9 Orange Nj , 1,090 CFj , Orange, IRR] = 7.08 [-1,134.20 PV, 90 PMT, 1,000 FV, 10 N, I/YR] = 7.08

[-1,134.20 CFj , 90 CFj , 9 Orange Nj , 1,090 CFj , Orange, IRR] = 7.08