Question
A corporate bond has a coupon rate of 11% (paid semiannually) and matures on November 15, 2025. Its quoted price is 94. Assume 30 days
A corporate bond has a coupon rate of 11% (paid semiannually) and matures on November 15, 2025. Its quoted price is 94. Assume 30 days per month.
It is now July 15, 2015. What is the invoice (or dirty) price (in $)?
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Real Estate Development Principles And Process
Authors: Mike E. Miles, Laurence M. Netherton, Adrienne Schmitz
5th Edition
0874203430, 978-0874203431
