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Lion # 7 ( Max. Marks=10 = 6+2+2) Suppose that Extreme Elastic, a hypoth INSULUD details: ypothetical company, issued a 14 year bond with the

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Lion # 7 ( Max. Marks=10 = 6+2+2) Suppose that Extreme Elastic, a hypoth INSULUD details: "ypothetical company, issued a 14 year bond with the 1. Par value = 1000 2. Coupon rate = 8% 3. Maturity date: 14 May 2024 Day-count convention = 30/360 3. Settlement date = 15 June May 2022 o. Coupon payment dates = 14 May, 14 November 7. Issue date: 14 May 2010 8. Yield to Maturity = 6% Compute PVflat for the bond

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