ShooterMcCFA

I am sorry again that I made mistakes again because I am in a hurry.
Please double check if I am right in deriving the formula as follows.
DD(N)pb = D(N) x MV(N)pb x 0.01 = D(N) = DD(N)pb/ [MV(N)pb x 0.01]
= D(N) = [DD(N)pb/ [MV(N)pb] x 100 = [DD(N)pb x 100]/ [MV(N)pb]
= MV(N) = [DD(O) / D(N)] x 100 = [DD(O) x 100] / {[DD(N)pb x 100]/ [MV(N)pb]}
= [DD(O) / DD(N)pb] x MV(N)pb
PV(N)
= MV(N) x [PV(N)pb / MV(N)pb] = {[DD(O) / DD(N)pb] x MV(N)pb} x [PV(N)pb / MV(N)pb]
= [DD(O) / DD(N)pb] x PV(N)pb
In this example DD(O) = 220,000 DD(N)pb=5x90x0.01=4.5 PV(N)pb = 100
= PV(N) = (220.000/4.5) x 100 = 4.899M
PV(N) : Total par value of new bond
PV(N)pb : par value per new bond
It is simplified in the example while actually it is complicated !