Question
8. (9 pts) A semi-annual coupon U.S. Treasury bond was purchased for settlement on January 5, 2013. The last coupon was paid on September 15,
8. (9 pts) A semi-annual coupon U.S. Treasury bond was purchased for settlement on January 5, 2013. The last coupon was paid on September 15, 2012. Using the ACT/ACT day count convention, answer the following questions:
a. on what date will the next coupon be paid?
b. how many days passed between the last coupon paid and the settlement date?
c. how many days are there in the current coupon period?
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Business And Personal Finance
Authors: McGraw-Hill
1st Edition
0078945801, 9780078945809
