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You plan to purchase $200,000 of the below bond on 28 March 2021, immediately after the payment of the semi-annual interest, at a target yield
- You plan to purchase $200,000 of the below bond on 28 March 2021, immediately after the payment of the semi-annual interest, at a target yield of 3%. The bond pays interest semi-annually.
COGARD 4.750% 28SEP2023 CORP (USD)
Calculate the target bond price expressed in 100 par.
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The Compensation Committee Handbook
Authors: James F. Reda, Stewart Reifler, Michael L. Stevens
4th Edition
1118370619, 978-1118370612
