Question
It is January 9, 2013. The price of a Treasury bond with a 12% coupon yearly that matures on October 12, 2020, is quoted as
It is January 9, 2013. The price of a Treasury bond with a 12% coupon yearly that matures on October 12, 2020, is quoted as 102-07. What is the cash price? Remember Treasury bonds make coupon payments semiannually.
Please show the formula and explain it.
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Dividend Growth Investing Machine
Authors: Andrew P.C.
1st Edition
1521728461, 978-1521728468
