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On 3 / 9 / 2 0 1 3 a 3 0 - year corporate bond was issued with a coupon of 3 . 5
On a year corporate bond was issued with a coupon of
a What would be the bond's quoted price on if the YTM is If the YTM is
If the YTM is ; ;
b What would be the bond's quoted price on if the YTM is If the YTM is
;
c What would be the bond's price on if the YTM is If the YTM is
$;$
Please explain the work for each question, especially how to figure out the t value used for time in the formula. I know it is but why?
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