Question
A coupon bond paying semi-annual interest is reported as having an ask price of 117 % of its $ 1,000 par value. If the last
A coupon bond paying semi-annual interest is reported as having an ask price of 117 % of its $ 1,000 par value. If the last interest payment was made one month ago and the coupon rate is 6%, what is the invoice price of the bond?
1000(1.17)+30(2/12)=1175 where can find 2 and 12?
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Investing In Financial Research A Decision Making System For Better Results
Authors: Cheryl Strauss Einhorn, Tony Blair
1st Edition
1501732757, 9781501732751
