Suppose that a parcel of 5.75% 15 July 2022 Treasury bonds was purchased at 5% on 15 July 2015 and then sold on 15 January 2017 at a yield of 6%.
A.Calculate the purchase price, per $100 of face value.
B.Calculate the selling price, per $100 of face value.
C.If the coupons were reinvested at 5.5 per cent per annum, find the investor's holding-period yield.
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