kkn006

i am a little confused…so you use the PV= 92
But if you look at this one:
An investor purchases a $1,000 par value accrual bond with a 3year maturity. The bond pays 5% interest compounded semiannually at the bonds maturity. Calculate the amount that will be received on maturity.
The answer is 1[2nd][N], 6[N], 2.5[I/Y], 25[PMT], 0[PV], [CPT][FV] = 159.69
So PV is set as 0 here…I don’t know what’s the difference? I thought the investor put down money today in both situations?
Thanks