Question
MCB bank quote 12.56/52% for 150 million PIB 10 years to Askari Bank for forward 60 days Askari bank yours to MCB. Other Information given
MCB bank quote 12.56/52% for 150 million PIB 10 years to Askari Bank for forward 60 days Askari bank yours to MCB. Other Information given below:
Issue Date | 03-Sep-2013 |
Maturity Date | 03-Sep-2023 |
Trade Date | 25-April-2020 |
Coupon Rate | 11.00% semi-annually |
CALCULATE:
- Who will buy bond & at what rate
- Accrued Days
- Accrued Interest Amount
- Clean Price
- Dirty Price
- Total Amount
PKRV Rates
0-7days | 6.38 |
8-15days | 6.47 |
16-30days | 6.48 |
31-60days | 6.48 |
61-90days | 6.48 |
91-120days | 6.49 |
121-180days | 6.49 |
181-270days | 6.54 |
271-365days | 6.55 |
Numeric solving with necessary explanations are required
Step by Step Solution
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There are 3 Steps involved in it
Step: 1
1 There will be Corporations governments and Individual buying the debt in case of hi...
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Fundamentals of Investments Valuation and Management
Authors: Bradford D. Jordan, Thomas W. Miller
5th edition
978-007728329, 9780073382357, 0077283295, 73382353, 978-0077283292
