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2. b) What is the price of a 5.38% annual coupon bond with a face value of $1,000 and a maturity of 15 years? The
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b) What is the price of a 5.38% annual coupon bond with a face value of $1,000 and a maturity of 15 years? The markets YTM on a comparable risk and term bond is 8.61%.
c) What is the price of a zero-coupon bond with a YTM of 7.91% a face of $100 and 14 years to maturity?
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