Is the answer incorrect? The problem says the bonds mature in 2 years not 1 year, so why did they use the par value of 108 in year 2?
dont have it in front of me but did you forget to add the coupon?
Is the answer incorrect? The problem says the bonds mature in 2 years not 1 year, so why did they use the par value of 108 in year 2?
dont have it in front of me but did you forget to add the coupon?