Hey, Im just after people's feedback and help in relation to the following question in my Investment Planning 1 assignment. Question: Calculate the purchase price of a 10-year government bond parcel with two full years remaining in its term. The bond’s yield rate is 8.95% p.a., paid as a half-yearly coupon, and assume that the prevailing market interest rate is 7.50% p.a. Use a parcel price of $100. I got $102.64 for my answer. Does this seem right.... Has anyone else got the answer to this. Any help would be appreciated.

really struggling with this question myself, can anyone tell me what formula is used or at least where in the kaplan book I can find it. Many thanks

hey i just posted something in the thread 'Kaplan Investment Planning' with the formula.... you may want to look at the RG146 (PS146) Study Group and the thread 'Investment Planning - Government Bond'- the correct figures are used in that calculation....