Question
If I am Buying a 6% bond that pays a coupon of $3 every six months on the 1st of July and the 1st of
If I am Buying a 6% bond that pays a coupon of $3 every six months on the 1st of July and the 1st of January every year. The repayment is set at $100. The Bond will be repaid fully in December 2025. Assuming that today is the 1st of November. The YTM of the bond is 7% per year. -Calculate the dirty and clean prices of the bond. -Calculate the duration of your bond.
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
