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On Friday 19 May 2017 you agreed to purchase 5.5% 21 January 2018 Australian government bonds at a yield of 4.0% pa. The par value
On Friday 19 May 2017 you agreed to purchase 5.5% 21 January 2018 Australian government bonds at a yield of 4.0% pa. The par value is $100. The number of days between the previous coupon payment date and the next coupon payment date is 181. 21 July 2017 is a trading day. The number of days in June is 30. The only non-trading days in May are weekends. Calculate the dollar price that was paid. A. 102.82 B. 100.82 C. 105.95 D. Not enough information
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