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Given the following list of bond quotes from Bank of America, how much would it cost to buy the coupon bond issued by 3M that
Given the following list of bond quotes from Bank of America, how much would it cost to buy the coupon bond issued by 3M that pays a 14% quarterly coupon and matures on September 1st 2025? Quote list from Bank of America Issuer name price coupon rate coupons per year Face value maturity date 95.23 0.25 2 $1,000 7/15/2065 3M 97.26 0.16 1 $1,000 3/1/2030 99.24 0.14 4 $1,000 9/1/2025 3M 98.62 0.09 2 $1,000 9/1/2080 Answer Format: INCLUDE ONLY NUMBERS AND DECIMALS IN YOUR ANSWER. Do not include "$""," or any other formatting. Carry computation to at least 4 decimals and round your final answer to 2 decimal places. Numerical values: Round to two decimals ######.## Percent values: enter as a percent rounded to 2 decimals for example 0.12345 should be entered as: 12.35% Positive Negative: NPV calculations must be entered as a positive or negative value all other computations must be entered as a positive number Given the following list of bond quotes from Bank of America, how much would it cost to buy the coupon bond issued by 3M that pays a 14% quarterly coupon and matures on September 1st 2025? Quote list from Bank of America Issuer name price coupon rate coupons per year Face value maturity date 95.23 0.25 2 $1,000 7/15/2065 3M 97.26 0.16 1 $1,000 3/1/2030 99.24 0.14 4 $1,000 9/1/2025 3M 98.62 0.09 2 $1,000 9/1/2080 Answer Format: INCLUDE ONLY NUMBERS AND DECIMALS IN YOUR ANSWER. Do not include "$""," or any other formatting. Carry computation to at least 4 decimals and round your final answer to 2 decimal places. Numerical values: Round to two decimals ######.## Percent values: enter as a percent rounded to 2 decimals for example 0.12345 should be entered as: 12.35% Positive Negative: NPV calculations must be entered as a positive or negative value all other computations must be entered as a positive number
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