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A bond with 10 years to maturity has an annual coupon rate of 4.1% and pays interest semiannually. Assume that today we are 57 days
A bond with 10 years to maturity has an annual coupon rate of 4.1% and pays interest semiannually. Assume that today we are 57 days into the current 183-day coupon payment period, and the required rate of return is 7.8%. What is the flat price that would be quoted by a dealer on this bond, per $100 of par value? please show the problem on excel. Thank you.
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