Explore BrainMass

Explore BrainMass

    Bond prices

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Today's closing price of a bond, with the par value of $1,000.00 and 8% coupon rate, was listed as 103.50. The information also indicates that today's price was 7.20 higher then yesterday. Based on this information

    a) Calculate this bond's closing price for today

    b) Calculate yesterday's price of this bond

    © BrainMass Inc. brainmass.com June 3, 2020, 5:40 pm ad1c9bdddf
    https://brainmass.com/business/business-math/bond-calculations-closing-price-bonds-34882

    Solution Preview

    a) Calculate this bond's closing price for today

    Prices represent a percentage of a bond's $1,000 face ...

    Solution Summary

    The expert calculates bond prices given the bond price quotes.

    $2.19

    ADVERTISEMENT