Question 17 (1 point) At t = 0 you buy a 6-year, 5% coupon bond with FV = $10,000 and 8% YTM. With the coupon you receive from this bond at t = 2, you buy bond X at t = 2, where Bond X is a 2-year 3% coupon bond. Att = 3, you sell bond X right after its t = 3 coupon is paid. What is the sale price of Bond X (rounded to the nearest dollar)? You are also given the following information: Att = 1:11,1 = 1.1%, (1,2 = 1.2%, 11,3 = 1.3%, 11,4 = 1.4%, (1,5 = 1.5%, 11,6 = 1.6%, (1,7 = 1.7% At t = 2:12,1 = 3%, 12,2 = 3%, 12,3 = 7%, 12,4 = 8.5%, 12,5 = 9%, 12,6 = 10%, 12,7 = 11% At t = 3: 13,1 = 1%, (3,2 = 2%, 13,3 = 1%, (3,4 = 1%, (3,5 = 1%, (3,6 = 1%, 13,7 = 1% At t = 4:14,1 = 5%, 14,2 = 6%, 14,3 = 7%, 14,4 = 8%, (4,5 = 9%, 14,6 = 10%, (4,7 = 11% 503 495 500 792 455 The answer is not within $1 of any of the above options Question 17 (1 point) At t = 0 you buy a 6-year, 5% coupon bond with FV = $10,000 and 8% YTM. With the coupon you receive from this bond at t = 2, you buy bond X at t = 2, where Bond X is a 2-year 3% coupon bond. Att = 3, you sell bond X right after its t = 3 coupon is paid. What is the sale price of Bond X (rounded to the nearest dollar)? You are also given the following information: Att = 1:11,1 = 1.1%, (1,2 = 1.2%, 11,3 = 1.3%, 11,4 = 1.4%, (1,5 = 1.5%, 11,6 = 1.6%, (1,7 = 1.7% At t = 2:12,1 = 3%, 12,2 = 3%, 12,3 = 7%, 12,4 = 8.5%, 12,5 = 9%, 12,6 = 10%, 12,7 = 11% At t = 3: 13,1 = 1%, (3,2 = 2%, 13,3 = 1%, (3,4 = 1%, (3,5 = 1%, (3,6 = 1%, 13,7 = 1% At t = 4:14,1 = 5%, 14,2 = 6%, 14,3 = 7%, 14,4 = 8%, (4,5 = 9%, 14,6 = 10%, (4,7 = 11% 503 495 500 792 455 The answer is not within $1 of any of the above options