Question
A US Treasury note(actual/actual day count) with 17 remaining coupons most recently paid a coupon 24 days ago and the next coupon is 157 days
A US Treasury note(actual/actual day count) with 17 remaining coupons most recently paid a coupon 24 days ago and the next coupon is 157 days away. The bond has a 6% coupon paid semiannually, a $1,000 par value, and is priced to yield 4%.
a.What is the full price?
b. What is the flat price?
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Financial Markets and Institutions
Authors: Jeff Madura
11th Edition
1133947875, 9781305143005, 1305143000, 978-1133947875
