Question
A bond pays a semiannual coupon of $40 and has a current value of $1,109. The next payment on the bond is in four months
A bond pays a semiannual coupon of $40 and has a current value of $1,109. The next payment on the bond is in four months and the interest rate is 6.50%. Using the continuous time model, the price of a 6-month forward contract on this bond is closest to
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Principles Of Commodity Economics And Finance
Authors: Daniel P. Ahn
1st Edition
0262038374, 9780262038379
