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It is November 2020, and you are looking to value a 4.8% coupon bond with semi-annual payments, with a par value of $1,000.It matures in
It is November 2020, and you are looking to value a 4.8% coupon bond with semi-annual payments, with a par value of $1,000.It matures in 2 years, and the next coupon is due in 6 months.You have the following yield curve (rates are given as APRs, compounded semi-annually).You also expect the bond to pay each of the coupons, but only pay 80% of the par value upon maturity.What is the price of the bond?Round your answer to nearest dollar.
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