Question
Bond H, described in the table below, is sold for settlement on 20 April 2020. Annual Coupon 6% Coupon Payment Frequency Semiannual Interest Payment Dates
Bond H, described in the table below, is sold for settlement on 20 April 2020.
| Annual Coupon | 6% |
| Coupon Payment Frequency | Semiannual |
| Interest Payment Dates | 30 December and 30 June |
| Maturity Date | 30 December 2025 |
| Day-Count Convention | 30/360 |
| Annual Yield-to-Maturity | 7% |
What is the full price (per 100 of par value) that Bond H will settle at on 20 April 2020? Round your answer to three decimal places.
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Finance A Quantitative Introduction
Authors: Nico Van Der Wijst
1st Edition
1107029228, 978-1107029224
