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What is the price (as a percentage of the face value) of a two-year bond with an annual coupon rate of 4.61%? Coupons are paid
What is the price (as a percentage of the face value) of a two-year bond with an annual coupon rate of 4.61%? Coupons are paid semi-annually. You are given the following information for bonds all having the same credit rating:
6-month zero coupon bond priced at 95.2598
1-year zero coupon bond priced at 93.3858
18-month zero coupon bond priced at 91.6793
2-year zero coupon bond priced at 89.9376
Select one:
a. 97.3477
b. 95.2377
c. 96.2377
d. 99.5967
e. 98.4722
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