Question
Consider a 7.5% coupon bond with face value of $1000 that pays interest every 182 days. The bond has an ask price of $1000 and
Consider a 7.5% coupon bond with face value of $1000 that pays interest every 182 days. The bond has an ask price of $1000 and paid interest 62 days ago. What is the invoice price of the bond?
The answer is $1012.7747 . can someone please show the steps on how to get the answer
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
15th edition
978-0133428704
