Question
A $2000 bond paying coupons at j 2 = 11% is redeemable at par on November 29, 2024. When it is purchased on October 5,
A $2000 bond paying coupons at j2 = 11% is redeemable at par on November 29, 2024. When it is purchased on October 5, 2021, the quoted price is 114.159 to yield j2 = 6%.
What is the full (or dirty) price on October 5, 2021?
- A.
$2360.30
- B.
$2250.30
- C.
$2316.06
- D.
$2206.06
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Accounting Tools for business decision making
Authors: kimmel, weygandt, kieso
4th Edition
978-0470117262, 9780470534786, 470117265, 470534788, 978-0470095461
