Question
Nathan is buying a $1,000 face value bond at a quoted price of $1013.64. The bond carries a coupon rate of 7.75 percent, with interest
Nathan is buying a $1,000 face value bond at a quoted price of $1013.64. The bond carries a coupon rate of 7.75 percent, with interest paid quarterly. The next interest payment is two months from today. What is the dirty price of this bond?
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HBR Guide To Finance Basics For Managers
Authors: Harvard Business Review
1st Edition
1422187306, 978-1422187302
