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Suess Inc issues a 2-year corporate bond on 31 December, 2012 with a coupon rate of 7.6%, with a face value of $100 and interest
Suess Inc issues a 2-year corporate bond on 31 December, 2012 with a coupon rate of 7.6%, with a face value of $100 and interest paid semi-annually.Eighteen months later, the 2-year government bond has fallen to 1%, though the risk profile of Suess Inc remains that of a BBB-rated company, 2%.What would be the market price of the Suess Inc 2-year bond, 6 months prior to maturity?(Roundup to two decimal places)
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