You buy the following bond for settlement on a coupon-payment date. What is the cost of the bond? Make the calculation without using the built-in bond function or time value of money function on a calculator.
|
Amount: |
€100,000,000.00 |
|
Remaining maturity: |
3 years |
|
Coupon: |
8.0% |
|
Yield: |
7.0% |