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

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter12: Investing In Stocks And Bonds
Section: Chapter Questions
Problem 6FPE
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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
Transcribed Image Text: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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