Question
A Treasury bond with a face value of $100, pays an annual coupon of 5.25%. The coupons are paid on 15th June and on 15th
A Treasury bond with a face value of $100, pays an annual coupon of 5.25%. The coupons are paid on 15th June and on 15th December each year. The bond is sold on July 27th for a price of $98:24. The net cost of this bond to the buyer is:
(A) $98.75
(B) $99.3525
(C) $98.1475
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International Finance A Survey
Authors: H. Kent Baker, Leigh A. Riddick
1st Edition
0199754659, 978-0199754656
