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A bond has $ 15000 face value and its coupon rate is 14.5 % (APR). The YTM of bonds with similar risks is 15.4 %. Coupon
Posted: Mon Jan 17, 2022 8:09 am
by answerhappygod
- A Bond Has 15000 Face Value And Its Coupon Rate Is 14 5 Apr The Ytm Of Bonds With Similar Risks Is 15 4 Coupon 1 (16.24 KiB) Viewed 63 times
A bond has $ 15000 face value and its coupon rate is 14.5 % (APR). The YTM of bonds with similar risks is 15.4 %. Coupon is paid on an annual basis at the end of each years. The maturity of this bond is 3 years. What is the fair price of this bond? Give the answer in round number without currency sign, e. g. if the answer is $1546.46 than write 1 546) Answer: