Question
a $15,000 bond redeemable at par on July 20,2016 is pucharsed on June 18, 2008. Interest is 8.3% payeble semi anually and the yield is
a $15,000 bond redeemable at par on July 20,2016 is pucharsed on June 18, 2008. Interest is 8.3% payeble semi anually and the yield is 6.8% compounded semi anually.
a) what is the cash price of the bond?
b)what is the accrued interest?
c)what is the quoted price?
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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The Handbook Of Fixed Income Securities
Authors: Frank Fabozzi, Steven Mann, Francesco Fabozzi
9th Edition
1260473899, 978-1260473896
