Consider the following $1,000 face value bond which makes semi-annual coupon payments, Bond Coupon rate Price Maturity Settlement Date Bank of Montreal 16% 95.51 June 1, 2030 January 8, 2019 What is the total price you would pay for this bond? Enter your answer rounded to two decimal places. Number

Consider the following $1,000 face value bond which makes semi-annual coupon payments, Bond Coupon rate Price Maturity Settlement Date Bank of Montreal 16% 95.51 June 1, 2030 January 8, 2019 What is the total price you would pay for this bond? Enter your answer rounded to two decimal places. Number

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

Consider the following $1,000 face value bond which makes semi-annual coupon payments,
Bond
Coupon rate
Price
Maturity
Settlement Date
Bank of Montreal
16%
95.51
June 1, 2030
January 8, 2019
What is the total price you would pay for this bond? Enter your answer rounded to two decimal places.
Number

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