Question
1. An 8.875% fixed coupon bond yielding 1.58% is traded and settles on January 28, 2014. The bond was first issued on February 15, 1989,
1. An 8.875% fixed coupon bond yielding 1.58% is traded and settles on January 28, 2014. The bond was first issued on February 15, 1989, and pays the coupon interest every February 15th and August 15th of each year. What is the accrued interest dollar amount?
2. A 7.75% fixed coupon bond maturing on April 21, 2010, is priced at $995 on December 20, 2001. The bond is callable on December 20, 2005, for $1,150. What is the annual bond equivalent yield to call on December 20, 2001?
3. A bond portfolio has a current market value of $230,000,000. Bonds in the portfolio are expected to produce semi-annual cash flows of $17,000,000 for the next 10 years. What is the annual bond portfolio equivalent yield?
Please Provide correct answers, they have the same question on the Chegg but those are wrong answers. !!!!
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