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5. What market price would a $16.5million face value bond which has a 2.25% coupon, a 12 September 2032 maturity, that is trading at a
5. What market price would a $16.5million face value bond which has a 2.25% coupon, a 12 September 2032 maturity, that is trading at a yield to maturity of 1.34% p.a. have when it is valued on 4 April 2020? Note, the last coupon for this bond was paid on 12 March 2020, and there are 161 days until the next coupon date. (4 marks) A. $18,238,110.00 B. $18,238,028.90 C. $18,329,598.45 D. $18,327,413.17
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