State bonds with nominal value of 10 000 USD and with a coupon rate of 5% p.a.
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Question:
State bonds with nominal value of 10 000 USD and with a coupon rate of 5% p.a. has paid off its last coupon payment 60 days ago. Yield to maturity is 5, 10% p.a. and maturity is 3 years and 300 days. What is its market price, total price and aliquot interest returns? How many pieces of bonds you can buy?
Related Book For
Fundamentals of Investments Valuation and Management
ISBN: 978-0077283292
5th edition
Authors: Bradford D. Jordan, Thomas W. Miller
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