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Given the following bond quote: Maturity Date:11/15/2032 Coupon Rate: 4.125%, semi-annual payments Bid Price: 96.006% of par Ask Price: 96.016% of par Change: -0.1980 Calculate
Given the following bond quote:
- Maturity Date:11/15/2032
- Coupon Rate: 4.125%, semi-annual payments
- Bid Price: 96.006% of par
- Ask Price: 96.016% of par
- Change: -0.1980
Calculate an investor's price to buy $5,000 of par value in this bond. (Round to 2 decimals)
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Applied Quantitative Finance
Authors: Härdle
3rd Edition
3662544857, 978-3662544853
