Question
1. A bond has 3 years to maturity and has a coupon of 5%. If the current YTM is 4.60%, what is the bonds price
1. A bond has 3 years to maturity and has a coupon of 5%. If the current YTM is 4.60%,
what is the bonds price
a. 100.935
b. 101.098
c. 101.109
d. 101.230
2.
What is the price of a 5-year Treasury note with a 2.60% coupon selling at a 2.45%
yield to maturity?
a. 1,003.04
b. 1,005.25
c. 1,007.02
d. 1,007.53
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Public Finance
Authors: Harvey S. Rosen
5th Edition
025617329X, 978-0256173291
