13- Annual Coupon 5%

Coupon Payment Frequency Semiannual

Interest Payment Dates 14 Mar and 14 Sep Maturity Date 14 Sep 2016 Day- count Convention 30/360 Annual Yield -to-Maturity 4% For Bond Z listed above what is the accrued interest per 100 of par value on the settlement date of 23 Aug 2014 is A. $4.42 B. $1.50 C. $2.21 14- The bond equivalent yield of a 180 day banker's acceptance quoted at a discount rate of 2.25% for a 360-day year is closet to A. 2.31 % B. 1.51 % C. 3.01 % 15- A 365 day year bank certificate of deposit has an initial principal amount of USD 97.5 million and a redemption amount due at maturity of USD 100 million. The number of days between settlement and maturity is 180. The bond equivalent yield is closest to A. 2.50% B. 5.20% C. 3.48%