Question
a coupon bond that pays semiannual interest is reported in the Wall Street Journal as having an ask price of 110:06 ($1000 par value). If
a coupon bond that pays semiannual interest is reported in the Wall Street Journal as having an ask price of 110:06 ($1000 par value). If the last interest payment was made exactly 2 months ago and the coupon rate is 6%, what is the price of the bond?
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Lessons In Corporate Finance
Authors: Paul Asquith, Lawrence A. Weiss
2nd Edition
1119537835, 978-1119537830
