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Philipa is interested in buying some bonds. The bond has a face value of $1,000 and an interest rate of 2.65% paid semi annually. The
Philipa is interested in buying some bonds. The bond has a face value of $1,000 and an interest rate of 2.65% paid semi annually. The bond has a bid price of $102.50 and was last traded at $102.15. The maturity date is 22nd of August 2024. If Philipa buys 10 bonds, how much will it cost her now and how much will the next interest payment be?
a.
$10,000 and $132.50
b.
$10,215 and $270.70
c.
$10,215 and $135.35
d.
$10,250 and $132.50
e.
$10,250 and $135.81
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