Question
A corporate bond pays interest semi-annually and has an ask price of 107%. If the last interest payment was made two months ago and the
A corporate bond pays interest semi-annually and has an ask price of 107%. If the last interest payment was made two months ago and the coupon rate is nine percent, what is the amount of accrued interest that the buyer must pay to the seller of the bond?
A.$30. B.$45. C.$0. D.$15.
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Behavioral Finance And Wealth Management
Authors: Michael M. Pompian
2nd Edition
1118014324, 978-1118014325
