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A 1000 par bond with 8% semi-annual coupons has payment dates of May 31 and November 30. The bond matures on November 30, 2010. On
A 1000 par bond with 8% semi-annual coupons has payment dates of May 31 and November 30. The bond matures on November 30, 2010. On May 31, 2007, the coupon payment of 40 is paid. The bond is sold 70 days later on the settlement date of August 9. The bond is sold to yield 7.4% convertible semi-annually. Find the price plus accrued interest, the accrued interest and the price.
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