Assume that today's date is February 15, 2015

Finance Sep 14, 2020

Assume that today's date is February 15, 2015. Robin Hood Inc. bond is an annual-coupon bond. Par value of the bond is $1,000. How much you will pay for the bond if you purchased the bond today?

Price $125.709

Coupon Rate 7.014

Maturity Date 2/15/2037

YTM -

Current Yield -

Rating D

Expert Solution

Price= Par value* Quoted percentage

= 1000* 125.709%

= $1257.09

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