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Today is a day in September 2525 and a bond with annual coupon rate of 10.80% just yesterday paid a coupon. The bond matures in
Today is a day in September 2525 and a bond with annual coupon rate of 10.80% just yesterday paid a coupon. The bond matures in September 2539 and its quoted bond price is 125.76 percent of par (semiannual compounding). You wish to make a bid such that your promised rate of return is 35 basis points greater than the quoted annual yield-to-maturity. Find the price as percent of par that you offer for the bond. Solve using financial calculator
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