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A bond issued on July 12, 2005 and matures on July 12 2019 pays its interest coupon once a year. The issuer is a large
A bond issued on July 12, 2005 and matures on July 12 2019 pays its interest coupon once a year. The issuer is a large company which has maintained AAA credit. The bond has always priced efficiently. In real-world conditions applied at all times, this bond should have, immediately after most recent interest payment traded at about ____% of par and should have had a duration of about _____ years. Defend all estimates and inputs.
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