Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A Treasury bond is quoted with a price of 95-28. It has a coupon of 3.75% and a final maturity of 4/15/45 (and coupon payment
A Treasury bond is quoted with a price of 95-28. It has a coupon of 3.75% and a final maturity of 4/15/45 (and coupon payment dates of 4/15 and 10/15).The bond trades at that price on 5/1/2023 on a regular way basis. The face amount of the transaction is $55.75 million. |
(a) What is the settlement date? |
(b) What is the dollar price for $55.75 million (excluding accrued interest) based on a price of 99-28? |
(c) What is the accrued interest? |
(c) What is the accrued interest? |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started