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What is the dollar price of a corporate bond with a quotation of: 1) 86 2) 103 1/8 3) 91 5/8 4) 152 3/8 5)
What is the dollar price of a corporate bond with a quotation of:
1) 86
2) 103 1/8
3) 91 5/8
4) 152 3/8
5) 27 13/16
6) 111 15/16
I would like to understand how to find the dollar price of any corporate bond. Please provide a step by step solution with an explanation thanks.
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