Question
Bellarmine Companies' 11% coupon corporate bonds (30/360 day count) have 8 coupons remaining. The most recent semiannual coupon was paid 42 days ago and the
Bellarmine Companies' 11% coupon corporate bonds (30/360 day count) have 8 coupons remaining. The most recent semiannual coupon was paid 42 days ago and the bonds have a yield to maturity of 9.5%. For a trade that settles today, what is the:
a.full price per 100 par?
b. flat price per 100 par?
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Corporate Finance Core Principles and Applications
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford
3rd edition
978-0077971304, 77971302, 978-0073530680, 73530689, 978-0071221160, 71221166, 978-0077905200
