Question
Bond Calculation: (a) Calculate the bid-ask spread in $ amount of a bond security with Bid Price 100:11 and Ask Price 100:15. Assume the
Bond Calculation: (a) Calculate the bid-ask spread in $ amount of a bond security with Bid Price 100:11 and Ask Price 100:15. Assume the par value is $1000. (b) Calculate the accrued interest of a semi-annual bond when coupon rate is 10%, and 120 days has passed since last payment. (c) If a 7% coupon bond is trading for $990.00, what is the current yield?
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Fundamentals of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
11th edition
77861701, 978-0077861704
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