Qu 1 A fixed interest stock pays an annual coupon of 9.1% per annum 4 monthly in arrears and is redeemed at 95% at any time between 6 and 15 years from the date of isssue at the option of the borrower. Calculate, to 2 decimal places, the ex-dividend price (per 350,000 nominal) 1 month before the first coupon payment that should be paid by an investor requiring a net redemption yield of 6.2% per annum effective Assume that the investor is subject to income tax at a rate of 23%. Fini Tim Answer: Check Next page