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Suppose you buy the following T-bond, taking possession on July 19, 2010 Maturity: March 31, 2011 Coupon: 0.875 percent The asking yield on the bond
Suppose you buy the following T-bond, taking possession on July 19, 2010
Maturity: March 31, 2011
Coupon: 0.875 percent
The asking yield on the bond is 0.2374%
What should be the asking price for the bond? (face value = $100)
If the asking price of the bond is 104:07, what is the asking yield on the bond? (Use Excel functions to answer).
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