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On October 5, 2013, you purchase a $10,000 note that matures on August 15, 2024. Settlement occurs two days after purchase on October 7, 2013.
On October 5, 2013, you purchase a $10,000 note that matures on August 15, 2024. Settlement occurs two days after purchase on October 7, 2013. The coupon rate on the T-note is 4.375 percent and the current price quoted is 105:0 8. The last coupon payment on the note was on May 15, 2013 and the next coupon payment will be on November 15, 2013.
Calculate the accrued interest due to the seller at the settlement
Calculate the dirty price of this note.
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