Question
a treasury coupon bond with one year to maturity and an annual coupon of 40 dollars is available on the market. If the current price
a treasury coupon bond with one year to maturity and an annual coupon of 40 dollars is available on the market. If the current price of this bond one year before redemption is 891 dollars and a current one year spot rate is 5.5 percent, please calculate the nominal value of this bond:
A) 1000 usd b) 940 usd C) 900 usd D) cannot be calculated.
plz solve in 15 mins thanks
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International Trade Finance
Authors: Tarsem Bhogal, Arun Trivedi
2nd Edition
303024542X, 9783030245429
