Question
On September 21, 2022, an investor buys a 6.5% semi-annual coupon bond maturating on August 15, 2028, with a face value of $1000. There are
On September 21, 2022, an investor buys a 6.5% semi-annual coupon bond maturating on August 15, 2028, with a face value of $1000. There are 37 days between August 15, 2022 and September 21, 2022 and 184 days between August 15, 2022 and February 15, 2023. What is the accrued interest on the bond?
Also, what is the dirty price for the bond on September 21, 2022 if it is priced to yield 9%?
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Handbook Of Consumer Finance Research
Authors: Jing Jian Xiao
2nd Edition
3319288857, 978-3319288857
