Question
A Davis Industrial bond has a current market price of$990, par value of$1,000, anda 6 percent coupon. The bonds pay interest semi-annually on January 1
A Davis Industrial bond has a current market price of$990, par value of$1,000, anda 6 percent coupon. The bonds pay interest semi-annually on January 1 and July 1.The bond matures on January 1, 2020. Assume today is March 1, 2010. What is the flat price of the bond? What is the full price of the bond?
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Airline Finance
Authors: Peter S. Morrell
4th Edition
1351959743, 978-1351959742
