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Help needed with Investment Planning 1 Module (Kaplan)
Hey,
Im just after people's feedback and help in relation to the following question in my Investment Planning 1 assignment.
Question:
Calculate the purchase price of a 10-year government bond parcel with two full years remaining in its term. The bond’s yield rate is 8.95% p.a., paid as a half-yearly coupon, and assume that the prevailing market interest rate is 7.50% p.a. Use a parcel price of $100.
I got $102.64 for my answer. Does this seem right....
Has anyone else got the answer to this.
Any help would be appreciated.
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