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Assume the following structure of 1-year forward rates: f1=5.8%, f2=6.4%, f3=7.1%, f4=7.3%, f5=7.4% What would be the price at the beginning of year 3 of
Assume the following structure of 1-year forward rates: f1=5.8%, f2=6.4%, f3=7.1%, f4=7.3%, f5=7.4%
What would be the price at the beginning of year 3 of a 10%-coupon bond with face value $1,000, making semi-annual payments, and with 2 years to maturity? (Do not round your intermediate calculations. Enter your final answer rounded up to two decimal places without the $ symbol).
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