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QUESTION
Today is 1 July 2018. Matt is 30 years old today. Bond A is a Treasury bond which matures on 1 January 2027. One unit of bond A has a coupon rate of...
Today is 1 July 2018. Matt is 30 years old today. Bond A is a Treasury bond which matures on 1 January 2027. One unit of bond A has a coupon rate of j2 = 2.95% p.a. and a face value of $100. Matt purchased this Treasury bond on 15 March 2018. The purchase yield rate was j2 = 3.5% p.a. The purchase price of one unit of bond A?
