No other information What is the price of the floating rate bond with the...
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No other information What is the price of the floating rate bond with the following characteristics: notional amount $1000, semi-annual coupon payments, the yield curve is flat at 3.5% per year, and there are 2.75 years until maturity. There has been a parallel shift in the yield curve of 0.5% over the last 3 months. Assume continuous compounding. a) $1005.16. b) $1006.16. c) $1007.16. d) $1008.16. e) None of the above
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