Question: Part D (2 marks) Altus Ltd has just issued a bond with 10-year maturity (matures end of December 2030) and a face value of $1000.

Part D (2 marks) Altus Ltd has just issued a bond

Part D (2 marks) Altus Ltd has just issued a bond with 10-year maturity (matures end of December 2030) and a face value of $1000. The coupon rate is 5%, paid semi-annually. Assume the required yield to maturity is 6%, what is the bond price at the end of September 2022

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