Question bond aface value 500000000coupon 3 pa payable, Ask an Expert

Finance

Question: Bond A

Face value: $500,000,000

Coupon: 3% p.a. payable quarterly Repayment:

12 quarterly payments commencing 15 March 2015

Final maturity: 15 December 2017

Yield: The yield required by investors for a 2-year average life bond rated BB by Standard & Poors and Ba2 by Moody's is 2.75%

What is the "dirty" value of Bond A on 31 December 2015?

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92784971

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