b***k
发帖数: 2673 | 1 ☆─────────────────────────────────────☆
maggie01 (新月格格) 于 (Wed Oct 29 16:13:41 2008) 提到:
Three years ago in 2005, an investor purchased 12.0% monthly coupon bond at
par value. The current yield of the bond is 11.0%. The bond will mature in
2025. Answer the following questions:
： Calculate the price of the bond in year 2010, if it pays monthly
coupons until 2015 and then begins paying semi-annual coupons for the
remaining years until maturity.
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maggi | c*******o
发帖数: 608 | | i**********o
发帖数: 5993 | 3 Assumptions: Notional 100.
2010 to 2015, $1X60 coupons
2015 to 2025, $6X20 coupons
first calculate PV at end of 2015
N=20; I/Y=5.5; AMOUNT=6; FV=100 -> PV = 105.98
then calculate PV at 2010
N=60; I/Y=11/12; AMOUNT=1; FV=105.98 -> PV = 107.29 |
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