Question
On October 20, 2021 you purchase a $10,000 T-note that matures on July 1, 2022. The coupon rate on the T-note is 6% and the
On October 20, 2021 you purchase a $10,000 T-note that matures on July 1, 2022. The coupon rate on the T-note is 6% and the price at which you buy is 101:08. The last coupon payment on the note occurred on July 1, 2021, and the next payment will be made on January 1, 2022. Suppose settlement occurs immediately.
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Calculate the accrued interest due to the seller from the buyer at the time of purchase
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Calculate the dirty price for the T-Note.
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Investments An Introduction
Authors: Herbert B Mayo
10th Edition
0538452099, 9780538452090
