Question
A semi-annual coupon bond has a face value of $1,000, a coupon rate of 4.0%, a YTM of 3.0%, and 1 year and 27 days
A semi-annual coupon bond has a face value of $1,000, a coupon rate of 4.0%, a YTM of 3.0%, and 1 year and 27 days until maturity. There are 183 days in total in the current coupon period. Accrued interest is calculated based on the actual number of days. How much would it cost to buy this bond?
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South Western Federal Taxation 2016 Corporations Partnerships Estates And Trusts
Authors: James Boyd, William Hoffman, Raabe, David Maloney, Young
39th Edition
978-1305399884
