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
Transcribed Image Text:Consider the following $1,000 face value bond which makes semi-annual coupon payments,
Bond
Coupon rate
Price
Maturity
Settlement Date
CIBC
6%
99.04
December 1, 2030
January 26, 2019
What is the total price you would pay for this bond? Enter your answer rounded to two decimal places.
Number
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