Question
Consider a U.S. municipal bond that pays semi-annual coupons with settlement date of December 31, 2019. The bond matures January 5, 2022. The coupon rate
Consider a U.S. municipal bond that pays semi-annual coupons with settlement date of December 31, 2019. The bond matures January 5, 2022. The coupon rate is 10.8%. The face value is $83,455.67. What is the accrual factor that is used when calculating the accrued interest?
Question 30 options:
0.9778
0.9728
0.9667
0.9871
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Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
9781119563099
