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A 1 0 - year 5 . 2 % coupon bond was issued 2 year ( s ) ago. Similarly risky bonds are yielding 5
A year coupon bond was issued years ago. Similarly risky bonds are yielding Assume semiannual coupon payments. The bond's price should be $
Hint: Original bond maturity is not relevant what matters is the number of coupon payment periods remaining until maturity.
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Rounding and Formatting instructions:
Do not enter dollar signs, percent signs, commas, X or any words in your response. Do not round any intermediate work, but round your final response to decimal places example: if your answer is or $ you should enter
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