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A 19-year bond pays 3 coupons per year, each coupon being for 4 IDR per 100 IDR of face value. The present value of the
A 19-year bond pays 3 coupons per year, each coupon being for 4 IDR per 100 IDR of face value. The present value of the principal amount this bond will pay at maturity is 14.86 IDR per 100 IDR of par value. What is this bond's clean market price per 100 IDR of par value? Report your answer with 2-digit precision (ex. 12.34)
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