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Accrued Interest A bond has a flat price of $1,050.10 and an annual coupon of $73.00. 65 days have passed since the last coupon payment
Accrued Interest A bond has a flat price of $1,050.10 and an annual coupon of $73.00. 65 days have passed since the last coupon payment and there are 181 days separating the coupon payments. What is the bond's invoice price? |
a) $1,060.16
b) $1,054.09
c) $1,050.10
d) $1,063.21
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