Question
Let suppose you buy a T-note. The trade day is Sep 29, 2021. The bond matures on Nov 15, 2022 with a 7% coupon and
Let suppose you buy a T-note. The trade day is Sep 29, 2021. The bond matures on Nov 15, 2022 with a 7% coupon and yield to maturity 9%. What is the clean price of the bond, given face value of $100? (round to nearest $0.01).
The answer is 97.89, I want to know the process to get it.
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Fundamentals Of Healthcare Finance
Authors: Paula H. Song, Kristin L. Reiter
4th Edition
1640553223, 978-1640553224
