Question 1 Not complete Marked out of 3.0 P Flag question A fixed interest stock pays an annual coupon of 8.2% per annum 4 monthly in arrears and is redeemed at 98% at any time between 5 and 19 years from the date of isssue at the option of the borrower. Calculate, to 2 decimal places, the ex- dividend price (per 450,000 nominal) 1 month before the first coupon payment that should be paid by an investor requiring a net redemption yield of 6.3% per annum effective. Assume that the investor is subject to income tax at a rate of 23%. Question 1 Not complete Marked out of 3.0 P Flag question A fixed interest stock pays an annual coupon of 8.2% per annum 4 monthly in arrears and is redeemed at 98% at any time between 5 and 19 years from the date of isssue at the option of the borrower. Calculate, to 2 decimal places, the ex- dividend price (per 450,000 nominal) 1 month before the first coupon payment that should be paid by an investor requiring a net redemption yield of 6.3% per annum effective. Assume that the investor is subject to income tax at a rate of 23%