Question
A government Treasury Bond has an annual coupon rate of 6% and, as is customary, pays coupons semi-annually. If the bond has a par (face)
A government Treasury Bond has an annual coupon rate of 6% and, as is customary, pays coupons semi-annually. If the bond has a par (face) value of $1000 and it matures on March 31, 2015, how much does an owner of (investor) one of these bonds receive on March 31, 2015?
| a) $1060 | ||
| b) $1030 | ||
| c) $1000 | ||
| d) $30 |
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Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
8th Edition
0077261453, 978-0077261450
