What is the price of bond that is quoted by broker

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1) What is the actual dollar price of a bond that is quoted by a broker at 103 6/15?

2) What is the price of a bond that is quoted by a broker at 97.377?

3) After listening to Ben Bernake on the evening news, where he says that interest rates are going to rise soon, what would you rather have-- 5 bonds that have a coupon rate of 6%, are priced at 104 7/32, and mature in 9 years, or 5 bonds that have a nominal rate of 6%, are priced at 95.6935, and mature in 9 years? explain

4) Todays date is Mar 1 2012. Calculate the price of a bond that has a stated rate of 8 1/7%, matures Feb 28, 2016, and the yield on similar securities on NASDAQ is about 6% now.

Reference no: EM131902297

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