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
Posted: Tue Apr 26, 2022 11:08 am
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?
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?