Question
It is January 9, 2017. The price of a Treasury bond with a 5% coupon that matures on Oct 12, 2030, is quoted as 102-02.
It is January 9, 2017. The price of a Treasury bond with a 5% coupon that matures on Oct 12, 2030, is quoted as 102-02. What is the cash price? (This bond pays coupons on Oct 12 and Apr 12. Excel might be helpful in calculating the difference in dates.) (required precision: 0.01 +/- 0.01)
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Financial Services Sales Handbook A Professionals Guide To Becoming A Top Producer
Authors: Clifton T. Warren
1st Edition
1631574930, 978-1631574931
