You own $12 mil Par Amount of a UST 3% 30yr bond. At a yield...

50.1K

Verified Solution

Question

Finance

image

You own $12 mil Par Amount of a UST 3% 30yr bond. At a yield of 3.220%, what is the bond's price (bond price to four decimal places)? You own $12 mil Par Amount of a UST 3% 30yr bond. At a yield of 3.220%, what is the value of your holdings ($ in millions to two decimal places)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students