Question
A 9.6% coupon rate, semiannual payment, $1,000 par value bonds that mature in 25 years. Coupon payments are paid on January 01 and July 01
A 9.6% coupon rate, semiannual payment, $1,000 par value bonds that mature in 25 years. Coupon payments are paid on January 01 and July 01 every year. You purchased the bond on August 01 and received an invoice price of $965. What is the quoted price on August 01? (Do not use the dollar sign ($))
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
1st Edition
0073382256, 9780073382258
