What is the price of the following bond?
|
Coupon: |
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 |