Question
A 1,000 USD, 6% bond (coupons paid twice per year) redeemable at par matures in 3 years. The coupons are payable semi-annually and the bond
A 1,000 USD, 6% bond (coupons paid twice per year) redeemable at par matures in 3 years.
The coupons are payable semi-annually and the bond is bought to yield 5% compounded semi-annually.
Calculate the purchase price of the bond.
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Foundations Of Real Estate Financial Modelling
Authors: Roger Staiger
2nd Edition
1138046183, 978-1138046184
