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A $10,000 Bond Pays Coupons at J2 = 10% Every

Question 35

Multiple Choice

A $10,000 bond pays coupons at j2 = 10% every January 1 (day 1) and July 1 (day 182) .It is purchased on March 15,2010 (day 74) to yield j2 = 11%.The full (or dirty) price of the bond on March 15,2010 is $9578.38.What would be the price of the bond on the coupon date,January 1,2010?


A) $9370.52
B) $9372.12
C) $9373.76
D) $9787.46

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