Commonstealth Bank issued a bond that pays a 7.20% coupon quarterly and matures at the end of September 2036. If the current market rate for similar bonds is 6.50%, what is the bond price at the end...


Commonstealth Bank issued a bond that pays a 7.20% coupon quarterly and matures at the<br>end of September 2036. If the current market rate for similar bonds is 6.50%, what is the<br>bond price at the end of October 2021?<br>Show your workings and round your final answers to two decimal places.<br>

Extracted text: Commonstealth Bank issued a bond that pays a 7.20% coupon quarterly and matures at the end of September 2036. If the current market rate for similar bonds is 6.50%, what is the bond price at the end of October 2021? Show your workings and round your final answers to two decimal places.

Jun 03, 2022
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