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The following table summarizes prices of various default-free zero-coupon bonds (expressed as a percentage of face value): Bond A B C D Maturity (years) 1
The following table summarizes prices of various default-free zero-coupon bonds (expressed as a percentage of face value):
Bond A B C D
Maturity (years) 1 2 3 4
Price (per $100 face value) 96.62 80.62 81.02 80.50
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 prince of $80.57
Assume the YTM for each bond doesn't change over time. After two years, what is the price for bond D?
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