Exam #1

d) (10 points) Suppose that you were bullish on bonds and bought one 3 year GS with a coupon rate of 3% on 3/15/2016 (data is in Table above). The face value of the bond is $1,000 as is normal. Suppose that you held the bond until 3/16/2016 (one day). Calculate the price of bond on 3/15/2016 and then on 3/16/2016. ................
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