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We have a bond with a coupon rate of 12% paid annually , 4 years to maturity, a par value of $1,000, and the yield
- We have a bond with a coupon rate of 12% paid annually, 4 years to maturity, a par value of $1,000, and the yield to maturity of 15%.
- Figure out the clean bond price. (15points)
- If the last interest payment was made 3 months ago, figure out the invoice price of the bond. (15points)
- Figure out the duration of the bond. (30points)
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