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A 9-year bond with a face value of $5000 is redeemable at par and earns interest at j2 = 11.5%. If the yield rate is
A 9-year bond with a face value of $5000 is redeemable at par and earns interest at j2 = 11.5%. If the yield rate is j2 = 13.5%, find the full (or dirty) price of the bond 5 months after the payment of coupon number 14. Use compound interest for points in time between coupon payments.
Please solve without excel plz
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