Question
Calculate the cash price of the following bond, sold on September 21: par = $1,000; coupon rate = 5 percent, paid on January 1 and
Calculate the cash price of the following bond, sold on September 21: par = $1,000; coupon rate = 5 percent, paid on January 1 and July 1; quoted price = $950. (Round answer to 2 decimal places, e.g. 1564.25.)
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Finance
Authors: Angelico Groppelli, Ehsan Nikbakht
2nd Edition
0812043731, 978-0812043730
