Question
On March 20,2030 , you purchase a$1000 par value Treasury bond that has a12%. The bond last paid a coupon on February 15, 2030 and
On March 20,2030 , you purchase a$1000 par value Treasury bond that has a12%. The bond last paid a coupon on February 15, 2030 and is due to pay its next coupon on August 15, 2030. Assume that the bond's day-count convention is the standard one for Treasury bonds and note that 2030 is not a leap year.
What is the accrued interest on this bond?
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
10th edition
978-0077511388, 78034779, 9780077511340, 77511387, 9780078034770, 77511344, 978-0077861759
