Question
Consider three 5 year bonds; each bond has a face value of $100. All bonds mature on the same date. All bonds pay annual coupons
Consider three 5 year 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 | PRICE |
| A | $10.00 | $103.898 |
| B | $7.00 | $91.305 |
| C | $9.00 | PC |
Based on the above information, what is the Price of Bond C (PC)?
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Finance Basics 20 Minute Manager
Authors: Harvard Business Review
1st Edition
1625270852, 978-1625270856
