(SOLVED) The July 15 2015 quoted price of a bond with


Question Description:

$19

The July 15, 2015, quoted price of a bond with a coupon rate of 4.5%, payable semiannually, maturing on March 1, 2019, is $990. If you buy the bond on July 15, 2019, what is the total price you must pay for the bond?

Answer

$19