Question
It is now October 25. Jenny has just purchased a ten-year 4.5 percent Canadian government bond quoted at 96.894. The last semi-annual coupon payment was
It is now October 25. Jenny has just purchased a ten-year 4.5 percent Canadian government bond quoted at 96.894. The last semi-annual coupon payment was made on June 30 in the same year. How much will Jenny actually pay for this bond?
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Foundations Of Finance
Authors: Arthur J. Keown, John H. Martin, J. William Petty
10th Edition
0135160618, 978-0135160619
