Question
A 6.5% bond makes coupon payments on March 10th, June 10th, September 10th, and December 10th and is trading with a YTM of 4.25%. The
A 6.5% bond makes coupon payments on March 10th, June 10th, September 10th, and December 10th and is trading with a YTM of 4.25%. The bond is purchased and will settle on August 21st when there will be 8 semesters coupons remaining until maturity. Calculate the flat price of the bond using actual days?
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
14th Edition
1264101597, 9781264101597
