Hi
How is this question solved?
The value of a 1.5-year, 6 percent semiannual coupon, $100 par value bond is closest to:
Answer is 104.
Explanation
bond price=$3(1+0.02502)1+$3(1+0.03002)2+$103(1+0.03262)3=$104.00bond price=$3(1+0.02502)1+$3(1+0.03002)2+$103(1+0.03262)3=$104.00
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