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A bond that has a face value of $2,000 and coupon rate of 2.80% payable semi-annually...

A bond that has a face value of $2,000 and coupon rate of 2.80% payable semi-annually was redeemable on July 1, 2021. Calculate the purchase price of the bond on February 10, 2015 when the yield was 3.30% compounded semi-annually.

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Answer #1

Given face value (RY - $ 2000 coupon rate : 2.80/. Time oper & 6.5yr2 = 13 PMI - 2000 x 2.80%: 2000X0.014 Yield tomonterity -

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