Question
It is May 1. The quoted price of a bond with a 30/360 day count and 6% per annum coupon in the United States is
It is May 1. The quoted price of a bond with a 30/360 day count and 6% per annum coupon in the United States is 105. It has a face value of 100 and pays coupons on April 1 and October 1. What is the cash price?
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Investment Science
Authors: David G. Luenberger
2nd Edition
0199740089, 978-0199740086
