Question
.A bond pays a semiannual coupon of $40 and has a current value of $1109. the next payment on the bond is in four months,
.A bond pays a semiannual coupon of $40 and has a current value of $1109. the next payment on the bond is in four months, and the annual interest rate is 6.5%. using an annual compounding assumption, calculate the price of a six-month forward contract on this bond .
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
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