Question
ACCRUED INTEREST. the qouted price of a bond with a coupon rate of 4.5%, payable semi-annually, maturing on March 1st, 2023, is $990. The last
ACCRUED INTEREST. the qouted price of a bond with a coupon rate of 4.5%, payable semi-annually, maturing on March 1st, 2023, is $990. The last coupon payment was made on March 1, 2019. If you buy the bond on July 1st, 2019, what is the total price you must pay for the bond?
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Investments Analysis and Management
Authors: Charles P. Jones
12th edition
978-1118475904, 1118475909, 1118363299, 978-1118363294
