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I need the answer in a brief way , please help me fast. I only have 20 minutes. Part III-Computation Questions (10 Marks) Please show
I need the answer in a brief way , please help me fast. I only have 20 minutes.
Part III-Computation Questions (10 Marks) Please show all computation steps. Round your answer to two decimal places. Question 1: A company offers 5% bond with a $1,000 face value and makes its coupon payments semiannually. An investor buys that bond after one month ( 30 days) from the date of issue. The bond's clean price quote is $970. What is the Accrued Interest and full or dirty price? (1.5+1.5Marks) Hints: Use 180 (Semiannual Coupon payment i.e., 360 divided by 2) for Actual number of days in coup period
I need the answer in a brief way , please help me fast. I only have 20 minutes.
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