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A 20-year bond with a $1,000 face value has a yield to maturity is 7.0% and it's coupon rate is 4.0% paid semiannually. The dirty
A 20-year bond with a $1,000 face value has a yield to maturity is 7.0% and it's coupon rate is 4.0% paid semiannually. The dirty price of this bond exactly 3 months after its 15th coupon payment is closest to ____. Assume that the yield to maturity remains at 7.0% after the 15th coupon payment.
Answers:
$876.65
$736.77
$868.91
$765.92
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