Question
Consider an annual (not semi-annual) bond with a face value of $1,000, 5% coupon rate, and 5 years to maturity. 1. What is the price
Consider an annual (not semi-annual) bond with a face value of $1,000, 5% coupon rate, and 5 years to maturity.
1. What is the price of this bond if the ytm is 6%
2.What is the yield to maturity if the price of the bond is $1,000
3.If the price of the bond is quoted as 102-12 what is the price of the bond as a percentage of face value?
4.the next coupon is on April 30th of next year, and the currently quoted price is 100. What is the Full Price of the bond if today is the settlement date? I want the dollar amount that you will pay (not as a percentage of par)
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