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What is the price today (in dollars and cents) of a 3-year 4.55% coupon rate bond that returns the par value of $1000 at maturity
What is the price today (in dollars and cents) of a 3-year 4.55% coupon rate bond that returns the par value of $1000 at maturity if the yield to maturity is 8.50%? $ You should set your calculator for at least four decimal places of accuracy. I'll remind you of this from time to time but this is a working rule throughout the semester. Place your answer in dollars and cents. Do not include a dollar sign or comma in your answer. This is another rule that I'll remind you of but should be a working rule throughout the semester
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