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Kellwood Co. bonds have 7% coupon rate, 6% yield to maturity, and will mature on January 31st, 2025. The semi-annual coupon payments are scheduled on
Kellwood Co. bonds have 7% coupon rate, 6% yield to maturity, and will mature on January 31st, 2025. The semi-annual coupon payments are scheduled on January 31st and July 31st of each year. Today is September 30th, 2022.
1) What is the flat price of the bond? (t: number of coupon payments to collect before expiration date?
2) What is the amount of accrued interests? What would be the invoice price if you buy the bond today?
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