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Assume that all bonds pay semiannual coupons and have par values of $1,000 unless otherwise stated. All work must be shown. The values entered for
Assume that all bonds pay semiannual coupons and have par values of $1,000 unless otherwise stated. All work must be shown. The values entered for the menu from the calculator BOND MODE is considered valid work only when finding the YTM of a bond on a date in which accrued interest is zero
Thirty-year 5.5% Treasury bonds were issued on 11/12/2012. An investor sells $1.25 million in par value at a quoted price of 114.625 on 3/18/2019. 3 pts a. How many days of accrued interest are there? b. What is the buyers invoice price?
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