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An investor sold a bond issued by PQR Corporation with nominal yield of 2% and maturity of June 30, 2027 on June 30, 2020. If
An investor sold a bond issued by PQR Corporation with nominal yield of 2% and maturity of June 30, 2027 on June 30, 2020. If the yield on US Treasury Bonds was 1.5210% and the spread for PQR was 100 basis points, the trading price was dollars. An investor bought $10 million worth of a bond issued by PQR Corporation with nominal yield of 3% and maturity of June 30, 2030, on June 30, 2020 at face value (ie, price of $100.00). If the investor sold the same bond on June 30, 2021, the yield on US Treasury Bonds was 1.6210% and PRQ's spread was 100 basis points, the investor would dollars
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