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A 11 year bond has a 4.6% coupon and a yield to maturity of 8.5%. Suppose the bond was purchased 39 days after the most
A 11 year bond has a 4.6% coupon and a yield to maturity of 8.5%. Suppose the bond was purchased 39 days after the most recent coupon was paid. If there are 182 days in the current coupon period, what is the accrued interest value for this bond? Assume an actual/actual day count convention, semi-annual coupons and a face value of $1000
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