Question
A corporate bond with a face value of $1,000 and a coupon rate of 5% pays interest semiannually and has a maturity date of May
A corporate bond with a face value of $1,000 and a coupon rate of 5% pays interest semiannually and has a maturity date of May 6, 2024. The trade settles on January 22, 2020. The yield to maturity is 6.3%.
How many days have passed since the last coupon payment? Use Excel's COUPDAYBS() function. Dates must be entered with Excel's DATE() function.
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Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
6th Edition
0073226386, 978-0073226385
