Question
Please rate the following scenario as likely, possible, possible, but not likely or not going to happen: Mike buys a 10-year US Treasury today from
Please rate the following scenario as "likely", "possible", "possible, but not likely" or "not going to happen":
"Mike buys a 10-year US Treasury today from Green, at a quoted price of $102.50. However, it has been 3-months since this US treasury's last coupon. In order to account for accrued interest and properly settle the trade, Green uses an Actual/Actual day count and agrees to subtract $1.73 from the bond's price and sell the bond to Mike at a total cash price of $100.77"
Group of answer choices
"likely"
"possible"
"possible, but not likely"
"not going to happen"
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