Question
ABCs semiannual bond has a clean price of $1013. It paid its last coupon of $50 65 days ago. Calculate the accrued interest on the
ABCs semiannual bond has a clean price of $1013. It paid its last coupon of $50 65 days ago. Calculate the accrued interest on the bond. Assume a 180-day semiannual period. Round to the nearest dollar. Dont include the dollar sign in your answer.
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Modern Financial Markets Prices, Yields, And Risk Analysis
Authors: Mark Griffiths, Drew Winters, David W Blackwell
1st Edition
0470000104, 9780470000106
