Question
5. A corporate bond paying semi-annual interest has a coupon rate of 7% and is currently priced at 105% of par. If there has been
5. A corporate bond paying semi-annual interest has a coupon rate of 7% and is currently priced at 105% of par. If there has been one month (30 days) since the last interest payment, what is the invoice price on the bond? How much of that price is accrued interest?
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Finance For IT Decision Makers
Authors: Michael Blackstaff
3rd Edition
1780171226, 978-1780171227
