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You are given the following information: Bond 1: Maturity=10 years, Price= $100, Coupon=5%, Face value $100. Spot rate: s5=4.5%, Forward rate: f5,10=6% (assume yearly compounding).
You are given the following information: Bond 1: Maturity=10 years, Price= $100, Coupon=5%, Face value $100. Spot rate: s5=4.5%, Forward rate: f5,10=6% (assume yearly compounding). What is the price of a 10 year, 10% coupon bond with face value $100?
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