(SOLVED) 5.5% coupon, paid semi-annually) will mature on April 15, 2026.

Discipline: Finance

Type of Paper: Question-Answer

Academic Level: Undergrad. (yrs 1-2)

Paper Format: APA

Pages: 1 Words: 100

Question

FINANCIAL MATHEMATICS


1.

5.5% coupon, paid semi-annually) will mature on April 15, 2026.


If you buy this bond on March 11, 2022 at 5.6% YTM, what is the bond total cost (act/act basis)?


Please provide and explain how to calculate and get the answer exactly like this, using excel!