Question
On July 1, 2012, you purchase a $10,000 par T-note that matures in five years. The coupon rate is 8 percent and the clean price
On July 1, 2012, you purchase a $10,000 par T-note that matures in five years. The coupon rate is 8 percent and the clean price is 98.6. The last coupon payment was May 1, 2012 (61 days ago), and the next payment is November 1, 2012 (122 days later). What is the full price?
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
16th Edition
013749601X, 978-0137496013
