A bond matures on May 13th, 2030. It has a current coupon rate of 2.9% paid semi-annually and a face-value of $70000. If

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answerhappygod
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A bond matures on May 13th, 2030. It has a current coupon rate of 2.9% paid semi-annually and a face-value of $70000. If

Post by answerhappygod »

A bond matures on May 13th, 2030.
It has a current coupon rate of 2.9% paid semi-annually and a
face-value of $70000. If it is sold on August 8th,
2023, to yield the buyer a 4.6% return compounded
semi-annually, what will the purchase price be?
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