Jason purchased a Treasury bond with a coupon rate of 4.37% and face value of $100. The maturity date of the bond is 15 April
Jason purchased a Treasury bond with a coupon rate of 4.37% and face value of $100. The maturity date of the bond is 15 April 2029.
(b)If Yang purchased this bond on 11 February 2018,what is the purchase price (roundedto four decimal places)?Assume a yield rate of 2.55% p.a. compounded half-yearly.
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Authors: Lawrence J Gitman, Chad J Zutter
12th edition
9780321524133, 132479540, 321524136, 978-0132479547
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