AppliedNumeric answer
A three-year bond pays a annual coupon on face. Its yield to maturity is . What is its price, to two decimals?
Answer with a number. Fractions, powers and expressions like 23/6 or C(52,5) are read correctly in practice.
The worked solution is in Premium
The answer, the full working and the one idea to take away – for this and all 1,322 questions in the bank. Answer it in practice and your working is marked, with a known mistake named when you make one.
Learn the method
More time value, rates and linear products questions
- A ten-year zero-coupon bond yields 5% annually.Foundation
- A bond pays a 6% coupon semiannually on $100 face.Foundation
- What is the price of a five-year zero-coupon bond with $100 face at a…Foundation
- Reprice a bond three ways, part 1 of 3Foundation
- A bond has modified duration 7.Applied
- You hold $10 million of a bond at par with modified duration 7.Applied