Consider the following $1,000 face value bond which makes semi-annual coupon payments: Bond CIBC Coupon rate 6%
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Question:
Consider the following $1,000 face value bond which makes semi-annual coupon payments:
Bond | CIBC |
Coupon rate | 6% |
Price | 102.89 |
Maturity | June 1, 2030 |
Settlement Date | January 14, 2019 |
Required:
1) What is the total price you would pay for this bond? Enter your answer rounded to two decimal places?
Related Book For
Introduction to Operations Research
ISBN: 978-1259162985
10th edition
Authors: Frederick S. Hillier, Gerald J. Lieberman
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