Question
Consider three 3-year maturity bonds; each bond has a face value of $100. All bonds mature on the same date. All bonds pay annual coupons
Consider three 3-year maturity bonds; each bond has a face value of $100. All bonds mature on the same date. All bonds pay annual coupons at the same point in time. The coupons and current prices for the three bonds are:
| Bond | COUPON Payment | Current PRICE |
| A | $11.000 | $102.898 |
| B | $10.000 | PB |
| C | $9.000 | $90.305 |
Based on the above information, what is the current price of of Bond B (
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Affordable Housing Finance
Authors: K. Hawtrey
2009th Edition
0230555187, 978-0230555181
