Question
A bond with 4 years to maturity has an annual coupon rate of 3.3% and pays interest semiannually. Assume that today we are 59 days
A bond with 4 years to maturity has an annual coupon rate of 3.3% and pays interest semiannually. Assume that today we are 59 days into the current 183-day coupon payment period, and the required rate of return is 9.2%. What is the flat price that would be quoted by a dealer on this bond, per $100 of par value?
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The Cold Start Problem
Authors: Andrew Chen
1st Edition
0062969749, 978-0062969743
