A bond matures in 2020 and has an annual coupon of 3.65 percent, payable on January 1 and July 1. The current price of the
A bond matures in 2020 and has an annual coupon of 3.65 percent, payable on January 1 and July 1. The current price of the $1,000 bond is $978. On January 30, you purchase $10,000 face amount (settlement date is February 2) and your broker charged a $25 commission. How much must you remit for the purchase?
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Authors: Paul Asquith, Lawrence A. Weiss
2nd Edition
1119537835, 978-1119537830
