A Treasury bond has a coupon rate of 9%, a face value of $2000 and matures 15 years from today. For a treasury bond the interest on the bond is paid in quarterly installments. The current riskless interest rate is 12% compounded quarterly. Find the market price of the bond today?

Answer rating: 100% (QA)

To find the market price of the bond today we need to calculate the present value of all the future ... View the full answer