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Monster Corporation has 6% bonds that pay semi-annually. a. How much accrued interest would there be on your bonds if you bought $1 million par
Monster Corporation has 6% bonds that pay semi-annually. a. How much accrued interest would there be on your bonds if you bought $1 million par of the bonds immediately after they paid their coupon and held them for 3 months? b. What impact would it have on a above if you paid 102 for the bonds? c. If the bonds were trading flat 7 months after the bonds were issued, how much would the accrued interest be on your $1 million (par) position?
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