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The following table summarizes current prices of various zero-coupon bonds (expressed as a percentage of face value): Bond Maturity (years) A Price (per $100
The following table summarizes current prices of various zero-coupon bonds (expressed as a percentage of face value): Bond Maturity (years) A Price (per $100 face value) 1 96.62 B 2 84.49 C 3 84.80 E.g., for bond A, it will mature in 1 year and has a current bond price of $96.62. For bond B, it will mature in 2 years and has a current bond price of $84.49. Assume the YTM for each bond doesn't change over time. After two years, what is the price for bond D? D 4 85.48 Instruction: Type ONLY numerical answer in the unit of dollars, NO $ sign, and round to two decimal places. E.g., if your answer is $101.572, should type ONLY the number 101.57, NEITHER $101.57 (don't input dollar sign), NOR $101.572 (round to two decimal places).
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