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You own the following positions. Using the information provided: (for Zero Coupon Bonds m = 1, Coupon Bonds m = 2) Issuer Maturity Coupon Price

You own the following positions. Using the information provided: (for Zero Coupon Bonds m = 1, Coupon Bonds m = 2)

Issuer

Maturity

Coupon

Price (% Par)

US Treasury Bond

2028

0%

75.75

XYZ Bond

2028

5.00%

JKL Corp

2028

7.50%

89.1

Today you settled on the purchase of $2.0 Million Par value XYZ bonds, the yield to maturity at the time of sale is 3.75%; how much money did you need at settlement? There are 179 days between coupon payments and the next payment is due in 83 days?

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