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It is now April 1. The quoted price of a bond with a 30/360 day count and 12% per annum coupon in New Zealand is
It is now April 1. The quoted price of a bond with a 30/360 day count and 12% per annum coupon in New Zealand is 115. It has a face value of 100 and pays coupons on February 1 and July 1. What is the cash price?
Select one:
a.
103.00
b.
114.00
c.
105.00
d.
115.00
e.
117.00
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