On 20 February 2015, the bond was priced at $109,477.71. This price was computed as follows: $107,152.00
Question:
On 20 February 2015, the bond was priced at $109,477.71. This price was computed as follows:
$107,152.00 In the jargon of bond markets, this is called t
he bond price
+ $2,285.71
“ ”
Accrued Interest
= $109,477.71 In the jargon of bond markets, this is called
the “invoice price”
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Related Book For
Principles Of Finance With Excel
ISBN: 9780190296384
3rd Edition
Authors: Simon Benninga, Tal Mofkadi
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