Question
Consider the following bond which pays coupon semiannually on October 15 and April 15. It is being sold for settlement on August 10, 2020. Coupon
- Consider the following bond which pays coupon semiannually on October 15 and April 15. It is being sold for settlement on August 10, 2020.
| Coupon rate | 8% |
| Yield to maturity | 6% |
| Maturity date | April 15, 2024 |
| Settlement date | August 10, 2020 |
| Day count convention | 30/360 |
| Par | $1000 |
Calculate its flat price, accrued interest, and full price.
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 10th Edition
1337902578, 978-1337902571
