Question: Old MathJax webview Based on The Trinidad & Tobago Stock Exchange Limited Daily Government Bond Trading and Quotation Summary on August 7, 2019, approximately 7.75

Old MathJax webview

Based on The Trinidad & Tobago Stock Exchange Limited Daily Government Bond Trading and Quotation Summary on August 7, 2019, approximately 7.75 years after issue, the bond traded on the secondary market at a yield to maturity (YTM) of 4.80%, with a price of $1110.00 (per $1,000 face value). Prove the accuracy of the traded bond price based on this yield to maturity (YTM)

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