Bond Pricing Computation

Do these bond prices look right ? I used 2 different calc methods...same results. Yield and coupon the same at 4%, Biannual payouts

Months To
Maturity, Coupon Rate,Yield Rate,Payout%,Freq/yr-payout
36 4 4 100 2 0 100.00 100
35 4 4 100 2 0 86.76 86.76
34 4 4 100 2 0 77.56 77.56
33 4 4 100 2 0 73.21 73.21
32 4 4 100 2 0 74.68 74.68
31 4 4 100 2 0 83.14 83.14
30 4 4 100 2 0 100.00 100
29 4 4 100 2 0 86.76 86.76
28 4 4 100 2 0 77.56 77.56
27 4 4 100 2 0 73.21 73.21
26 4 4 100 2 0 74.68 74.68
25 4 4 100 2 0 83.14 83.14
24 4 4 100 2 0 100.00 100
23 4 4 100 2 0 86.76 86.76
22 4 4 100 2 0 77.56 77.56
21 4 4 100 2 0 73.21 73.21
20 4 4 100 2 0 74.68 74.68

 

http://www.investinginbonds.com//ca...l_prices=&frequency=2&sectype=USCorporateBond

 

Thanks Bob. Something is wrong with my calculation.
The online bond calculator shows a price of 100 regardless of the change in the maturity date. My calc is wrong in-between payout dates...and it's correct every 6 months.
Wierd, no ?
MY BAD: I was entered the rates as 4, not 0.04.
A simple formatting change to PERCENT format did the trick.

 

Interestingly, the above schedule is like a "Greek Bond" profile...where the high interest rate actually affects the price depending on the time till payout.

 

i have a function in VB which ACCURATELY calculate bond yield or price based on given yield. PM me, if you need it

 

Thanks Bob, but I think the Excel 2007 implementation of PRICE is accurate. It's written in C and very fast.
I also have the VBA counterpart which is much slower....but provides the same results.