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American Can Company issued a 30-year, semiannual coupon bond with a maturity date of 11/15/2045. The PAR value of the bond is $1000, the coupon
American Can Company issued a 30-year, semiannual coupon bond with a maturity date of 11/15/2045. The PAR value of the bond is $1000, the coupon rate is 5.00 percent and the current yield to maturity is 4.75 percent. Todays date is Monday 3/7/2017 and your broker assures you that you will execute a trade today. Assume the settlement date is T+2. The date of the final coupon to be paid and the settlement date (SDT) are:
Multiple Choice
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11/15/2045; 3/9/2017
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11/15/2045; 3/7/2017
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11/15/2016; 3/9/2017
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11/15/2016; 3/7/2017
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5/15/2017; 3/9/2017
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