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express as a percentage of par rounded to four decimal places UTKCompany has a credit rating of AA, and its 686 coupon bond has 14
express as a percentage of par rounded to four decimal places
UTKCompany has a credit rating of AA, and its 686 coupon bond has 14 years remaining until maturity. If AA bonds have a credit spread of 4.0% over Treasuries and the relevant Treasury yieid is 6.3%, what is a fair price for the bonds? Assume coupons are paid semi-annually and express your answer as a percentage of par rounded to four decimal places. That is, if the answer is " 101.3528% of par value", enter 101.3528 Step by Step Solution
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