Question
A bond has a coupon rate of 8% and pays 2 times a year, on the 15th of March and September. It uses the 30/360
A bond has a coupon rate of 8% and pays 2 times a year, on the 15th of March and September. It uses the 30/360 US day count convention. If you buy the bonds on April 10th and the clean price is quoted as 105. How much do you really need to pay to the seller? What is the amount you really need to pay called in financial market?
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Fundamentals Of Investments Valuation And Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
9th Edition
1260013979, 9781260013979
