What is the price of the following bond?
| Coupon: Don't use plagiarized sources. Get Your Custom Essay on what is the price of the following bond 600406 Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT! Just from $10/Page | 4.5% in the first year of issue, increasing by 0.25% each year to 5.75% in the final year. All coupons paid annually |
| Issue date: | 2 March 2009 |
| Maturity date: | 2 March 2015 |
| Settlement date: | 10 November 2009 |
| Yield: | 5.24% |
| Price/yield calculation basis: | 30/360 (annual) |
| Accrued interest calculation basis: | 30/360 |
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