Question
The $1,000,000 2-year Australian government bond pays a coupon of 5.75%p.a. with semi-annual payments. It is currently trading at a yield of 1.82%, with semi-compounding.
The $1,000,000 2-year Australian government bond pays a coupon of 5.75%p.a. with semi-annual payments. It is currently trading at a yield of 1.82%, with semi-compounding. What is its price?
Group of answer choices
None of the other answers is correct
$1,077,123
$1,076,844
$1,076,505
$1,077,413
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Business Law
Authors: Henry Cheeseman
10th Edition
0134728785, 978-0134728780
