Question
Given the following information for a $1000 par value corporate semi-annual bond: Annual YTM is 5.5%, annual coupon of 3.5%, Payment of interest date 15
Given the following information for a $1000 par value corporate semi-annual bond: Annual YTM is 5.5%, annual coupon of 3.5%, Payment of interest date 15 March and September and the maturity date is March 2024. Use a 30/360 Day count conversion.
a. What is the full price of the bond on May 15, 2020?
b. What is the accrued interest on May 15, 2020?
c. What is the Flat price on May 15, 2020?
d. What is the difference between flat and full price and when are they used and why?
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Innovation Commercialization And Start Ups In Life Sciences
Authors: James F. Jordan
1st Edition
1482210126, 978-1482210125
