Jay purchased a Treasury bond with a coupon rate of 3.72% and face value of $100. The maturity date of the bond is 15 March 2029. (b) In fact, Yuri changes his plan and Jay plans to sell this bond on 5 January 2022. What was Jay's sale price (rounded to four decimal places)? Assume a yield of 4.43% p.a. compounded half-yearly. Question 6Answer a. 94.9701 b. 94.7167 c. 96.8146 d. 96.5612
Jay purchased a Treasury bond with a coupon rate of 3.72% and face value of $100. The maturity date of the bond is 15 March 2029. (b) In fact, Yuri changes his plan and Jay plans to sell this bond on 5 January 2022. What was Jay's sale price (rounded to four decimal places)? Assume a yield of 4.43% p.a. compounded half-yearly. Question 6Answer a. 94.9701 b. 94.7167 c. 96.8146 d. 96.5612
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Please give Answer with correct and incorrect option explanation
Transcribed Image Text:Jay purchased a Treasury bond with a coupon rate of
3.72% and face value of $100. The maturity date of the
bond is 15 March 2029. (b) In fact, Yuri changes his
plan and Jay plans to sell this bond on 5 January 2022.
What was Jay's sale price (rounded to four decimal
places)? Assume a yield of 4.43% p.a. compounded
half-yearly. Question 6Answer a. 94.9701 b. 94.7167
c. 96.8146 d. 96.5612
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