Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i have these 3 bonds here now i cant seem to understand how this stuff works, the denomination on all of them is in the

i have these 3 bonds here now i cant seem to understand how this stuff works, the denomination on all of them is in the 1000s but the issue price is near 100, are they selling these bonds for 10% of what they are worth! can someone please explain the difference between the denomiation number, what it means, the issue price, what it means and the coupon.
image text in transcribed
image text in transcribed
image text in transcribed
\begin{tabular}{lr} Issue Volume & 575,000,000 \\ Currency & 100.85 \\ Issue Price & 10/2/2015 \\ Issue Date & \\ Coupon & 1.000% \\ Coupon & 5000 \\ Denomination & \\ Quotation Type & \\ Payment Type & 10/2/2028 \\ Special Coupon Type & 10/2/2024 \\ Maturity Date & 10/2/2016 \\ Coupon Payment Date & \\ \hline Payment Frequency & 10/1/2028 \\ No. of Payments per Year & \\ Coupon Start Date & \\ \hline Finaler & \\ \hline \end{tabular} Issue Volume 1,000,000,000 Currency USD Issue Price 9996 Issue Date 9/6/2019 Coupon Coupon 2125% Denomination 1000 Quotation Type Payment Type regular interest Special Coupon Type Maturity Date 9/6/2029 Coupon Payment Date 3/6/2024 Payment Frequency No. of Payments per Year 20 Coupon Start Date 3/6/2020 Final Coupon Date 9/5/2029 Floater? No

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Knowledge Auditing Foundations For Knowledge Management Implementation

Authors: Patrick Lambe

1st Edition

0262545039, 978-0262545037

More Books

Students also viewed these Accounting questions