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Problem 2 5 points On 7/1/18, Flaming Organic Pustules, Inc. (FOP) issued a zero coupon bond maturing on 7/1/48 at a yield of 4.25%. On
Problem 2 5 points On 7/1/18, Flaming Organic Pustules, Inc. (FOP") issued a zero coupon bond maturing on 7/1/48 at a yield of 4.25%. On 7/1/19, the bond's yield was 3.75%. At what price (using the normal terminology for pricing bonds, i.e., as a percentage of par, and assuming semi-annual payments when performing the calculation) did the bond trade on 7/1/19
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