223.8
8. Use the following STRIP table to find the price of a 2 year 8% coupon, $1000 par bond with semi-annual coupon payments. The next coupon is in July 2018. (6 pts.)
Bid | Asked | Ask Yield | |
July 18 | 98.18 | 98.19 | 5.80 |
Jan 19 | 94.07 | 94.25 | 6.00 |
July 19 | 90.04 | 90.06 | 6.10 |
Jan 20 | 88.15 | 88.17 | 6.18 |