Question
Given the following spot rates, calculate the price of a semiannual bond with $1,000 face value, a coupon rate of 7%, and a maturity of
Given the following spot rates, calculate the price of a semiannual bond with $1,000 face value, a coupon rate of 7%, and a maturity of 2 years. Input the answer in dollars and cents. Do not use dollar sign, percent symbol or commas.
6-months 4.05%
12-months 4.66%
18-months 5.54%
24-months 5.91%
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