Question
What is the price of a 2.25 % annual coupon bond, with a $1,000 face value, which matures in 3 years? Assume YTM is 2.391%.
What is the price of a 2.25 % annual coupon bond, with a $1,000 face value, which matures in 3 years? Assume YTM is 2.391%. PV=$995.96 What is the price of a 2.25 % annual coupon bond, with a $1,000 face value, which matures in 3 years? Assume YTM is 2.25%. PV=$1,000 What is the price of a 2.25 % annual coupon bond, with a $1,000 face value, which matures in 3 years? Assume YTM is 1.1955%. PV=$1,030.89 What conclusion can you make (what is the relationship between interest rate and price)?
show me step-by-step how to do this and how to put it in the calculator
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