A Japanese government bond with a $1,000 face value has a 2.39% annual coupon rate. The bond matures in 5 years. The cur
Posted: Fri Jul 01, 2022 7:47 am
A Japanese government bond with a $1,000 face value has a 2.39%annual coupon rate. The bond matures in 5 years. The current YTM onthe bond is -0.3% (negative!). What is this bond worth? Round tothe nearest cent.