There is a bond with a coupon of 8.0 percent, nine years to maturity, and a current price of $1,036.80. What is the dollar value of an 01 for the bond? (Do not round intermediate calculations. Round your answer to 4 decimal places.) Dollar value of an 01
There is a bond with a coupon of 8.0 percent, nine years to maturity, and a current price of $1,036.80. What is the dollar value of an 01 for the bond? (Do not round intermediate calculations. Round your answer to 4 decimal places.) Dollar value of an 01
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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Transcribed Image Text:There is a bond with a coupon of 8.0 percent, nine years to maturity, and a current price of $1,036 80. What is the dollar value of an 01
for the bond? (Do not round intermediate calculations. Round your answer to 4 decimal places.)
Dollar value of an 01
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