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What is the price of a bond that has a remaining life of three years, coupon payments of 60 per annum, a par value of
What is the price of a bond that has a remaining life of three years, coupon payments of 60 per annum, a par value of 1,000 and a yield-to-maturity (YTM) of 10.02 per cent?
Please report results without decimals for the final answer.
Working out (replace question marks):
=(1+)1+(1+)2++(1+)3P=C(1+i)1+C(1+i)2+C+F(1+i)3
= [?] / (1 + 0.1002)1 + 60 / (1 + [?])2 + ([?] + 60) / (1 + 0.1002)3
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