Price of the Bond Assignment | Homework For You
June 9th, 2020
A bi-monthly coupon bond selling at $940 as reported in the Wall Street Journal. The face value of this bond is $1,000. If the last interest payment was made one month ago, the coupon rate is 9% and the YTM is 10%, the invoice (dirty) price of the bond will be:
a. 947.50
b.1,050
c.943.33.
d.940
e.1,000. Get Finance homework help today