today, the fixed rate bond is $990. it has 4 years left to maturity, and a coupon rate of 6%. assume that in6 months, the bond equivalent nomial annual rate falls to 5.8%. you then sell the bond at the fair market price just after receving interest (you must compute the price.) what is the price, and what is your 6 month rate or return, including interest?
i missed a week of school and i havent been able to catch up. now, im lost and confused. i dont even know how to start.