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Agro Bonds were issued several years ago. Investor Gadget sells $100 par of the bonds mid-accrual period settlement on 8/19/2020. Coupon = 6%; Coupon Payment
Agro Bonds were issued several years ago. Investor Gadget sells $100 par of the bonds mid-accrual period settlement on 8/19/2020. Coupon = 6%; Coupon Payment Frequency Semi-annual; Interest Payment Dates are March 31 and Sept 30th; Maturity Date September 30th, 2023; Day Count Convention = 30/360; Yield-to-Maturity 4%
Given this information: What are the Full (Dirty) proceeds of the sale of this bond closest to on August 19th, 2020? (assume the bond does not accrue interest on 8/19)
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