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Problem 1: Consider a special 18-month bond with coupons of $12, $4, and $6 in that order and a redemption value of $100. If the
Problem 1: Consider a special 18-month bond with coupons of $12, $4, and $6 in that order and a redemption value of $100. If the yield to maturity is 8% per annum compounded semiannually then compute dP/di. Your final answer should be correct to 3 places after the decimal point and should be in units of dollars per semiannual rate. _______________________
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