Jay purchased a Treasury bond with a coupon rate of 4.49% 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 7 January 2022. What was Jay's sale price (rounded to four decimal places)? Assume a yield of 3.02% p.a. compounded half - yearly. Question Answer a. 111.6359 b . 110.8412 c. 109.1924 d . 108.7396
Jay purchased a Treasury bond with a coupon rate of 4.49% 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 7 January 2022. What was Jay's sale price (rounded to four decimal places)? Assume a yield of 3.02% p.a. compounded half - yearly. Question Answer a. 111.6359 b . 110.8412 c. 109.1924 d . 108.7396
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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Question
![Jay purchased a Treasury bond
with a coupon rate of 4.49% 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 7 January 2022. What
was Jay's sale price (rounded to
four decimal places)? Assume a
yield of 3.02% p.a.
compounded half - yearly.
Question Answer a. 111.6359 b
110.8412 c. 109.1924 d
.108.7396](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fad63f9a9-bb65-412e-9c98-87090c0ba0b1%2Ffbada5e3-0ddc-448f-b501-f0519fe214f1%2Fl3bwshj_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Jay purchased a Treasury bond
with a coupon rate of 4.49% 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 7 January 2022. What
was Jay's sale price (rounded to
four decimal places)? Assume a
yield of 3.02% p.a.
compounded half - yearly.
Question Answer a. 111.6359 b
110.8412 c. 109.1924 d
.108.7396
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