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What would the bond sell for

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a) Suppose the Edna Data Company were to issue a bill with a face value of $1,000,000 and 130 days to maturity, with a yield of 4.0% pa. The acquirer of the bill would receive $1,000,000 in 130 days' time. What would this bill sell for?

b) Barramundi Fishing Ltd issues a bond with a $1,000,000 face value, 10 years to maturity and semi-annual coupon of $60. The yield to maturity is 6% pa. What would the bond sell for?

Reference no: EM132785690

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