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Intro A corporate bond with a coupon rate of 8% pays interest semiannually and has a maturity date of August 1, 2025. The purchasing trade
Intro A corporate bond with a coupon rate of 8% pays interest semiannually and has a maturity date of August 1, 2025. The purchasing trade settles on Nov. 19, 2021. The yield to maturity is 5%. Part 1 IB | Attempt 1/30 for 10 pts. What is the flat (or clean) price of the bond (in percent of par) on the settlement date? Use Excel's PRICE() function. Dates must be entered with Excel's DATE() function. 0+ decimals Submit Part 2 | Attempt 1/30 for 10 pts. What is the bond's duration (in years)? Use Excel's DURATION() function. Dates must be entered with Excel's DATE() function. 2+ decimals Submit Part 3 1B | Attempt 1/30 for 10 pts. What is the bond's modified duration (in years)? Use Excel's MDURATIONO function. Dates must be entered with Excel's DATE() function. 2+ decimals Submit
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