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A corporate bond has 2 years to maturity, a coupon rate of 9%, a face value of $1,000 and pays coupons semiannually. The market interest
A corporate bond has 2 years to maturity, a coupon rate of 9%, a face value of $1,000 and pays coupons semiannually. The market interest rate for similar bonds is 9.2%.
Part 1: What is the price of the bond (in $)? (Please enter your answer with 4 digits after the decimal point!) Part 2: What is the value of the numerator to be used in calculating bond's duration? (Please enter your answer with 6 digits after the decimal point!)
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