Question
A $15000 bond redeemable at par on February 24, 2016 is purchased on February 27, 2006. Interest is 9.5% payable semi-annually and the yield is
A $15000 bond redeemable at par on February 24, 2016 is purchased on February 27, 2006. Interest is 9.5% payable semi-annually and the yield is 8.6% compounded semi-annually.
(a) What is the cash price?
(b) What is the accrued interest?
(c) What is the quoted price?
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Modern Equity Investing Strategies
Authors: Anatoly B Schmidt
1st Edition
9811239495, 978-9811239496
