What is the price of the bond at month mark

Reference no: EM13750802

Suppose you buy the bond today and in 3 months' time the 3-month LIBOR rate is 2.50%, the 6-month LIBOR rate is 2.75% and the market perception of the issuer's credit quality has changed such that similar bonds issued now would require them to pay only 30 basis points above LIBOR. What is the price of the bond at this 3-month mark?

Reference no: EM13750802

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