Question
Assume today is June 23, 2023 and you have purchased a corporate bond issued by the Tangier Company. The bond matures on December 31 2042,
Assume today is June 23, 2023 and you have purchased a corporate bond issued by the Tangier Company. The bond matures on December 31 2042, bears a coupon rate of 5.6 percent, is redeemable at 100% of par value and has a current YTM of 5.1 percent.
Based on a 30/360 day-count method, the interest accrued since the last interest payment (rounded to the nearest whole dollar) is
| a. | $26
| |
| b. | $27
| |
| c. | $28
| |
| d. | $29
| |
| e. | $30 |
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Forex Analysis And Strategies For Day Traders Profitable Investing With Currency Swaps Hedges And Scalps For Both Beginning And Advanced Traders
Authors: Steve Alkandros
1st Edition
1545117039, 978-1545117033
