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A corporate bond with a coupon rate of 9% pays interest semiannually and has a maturity date of May 28, 2028. The trade settles on
A corporate bond with a coupon rate of 9% pays interest semiannually and has a maturity date of May 28, 2028. The trade settles on March 20, 2021. The yield to maturity is 11%.
What is the flat (or clean) price of the bond (in percent of par) on the settlement date? Use Excel's PRICE() function. Dates must be entered with Excel's DATE() function
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