Bond closing price-price of bond


Today's closing price of a bond, with the par value of $1,000.00 and 8% coupon rate, was listed as 103.50. The information also indicates that today's price was 7.20 higher then yesterday. Based on this information

a) Calculate this bond's closing price for today

b) Calculate yesterday's price of this bond

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Finance Basics: Bond closing price-price of bond
Reference No:- TGS057077

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