Bond prices
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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
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Solution Summary
The expert calculates bond prices given the bond price quotes.
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a) Calculate this bond's closing price for today
Prices represent a percentage of a bond's $1,000 face ...
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