Question
Face value: $500,000,000 Coupon: 3% p.a. payable quarterly Repayment: 16 quarterly payments commencing 31 March 2016 Final maturity: 31 December 2019 Yield: The yield required
Face value: $500,000,000
Coupon: 3% p.a. payable quarterly
Repayment: 16 quarterly payments commencing 31 March 2016
Final maturity: 31 December 2019
Yield: The yield required by investors for a 2-year average life bond rated BB by Standard & Poors and Ba2 by Moodys is 2.75%
What is the dirty value of Bond C on 31 December 2015?
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The Sterling Bonds And Fixed Income Handbook
Authors: Mark Glowrey
1st Edition
0857190423, 978-0857190420
