Question
A fixed coupon bond has a coupon rate of 4% paid semi-annually with a maturity date of 8/15/20. The bond uses a 30/360 day counting
A fixed coupon bond has a coupon rate of 4% paid semi-annually with a maturity date of 8/15/20. The bond uses a 30/360 day counting convention and is trading at a yield today (12/10/19) of 3%. Calculate the following for today:
The dirty price of the bond is $________ (assume a face of $100).
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
16th Edition
0357517571, 978-0357517574
