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Citibank issued bonds few years ago. Investor John sells $100 par of the bonds mid-accrual period settlement on 8/19/2020. Givens: Coupon = 6% Coupon Payment
Citibank issued bonds few years ago. Investor John sells $100 par of the bonds mid-accrual period settlement on 8/19/2020. Givens:
Coupon = 6%
Coupon Payment Frequency = Semi-annual
Interest Payment Dates are March 31 and Sept 30th
Maturity Date September 30th, 2023
Day Count Convention = 30/360
Yield-to-Maturity 4%
What are the Full (Dirty) proceeds of the sale of this bond closest to on August 19th, 2020? (bond does not accrue interest on 8/19)
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