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(SOLVE ON EXCEL WITH EXCEL FUNCTIONS PLEASE) On April 15, 2010 the US treasury issued a bond maturing on October 15th, 2040. The bond had
(SOLVE ON EXCEL WITH EXCEL FUNCTIONS PLEASE)
On April 15, 2010 the US treasury issued a bond maturing on October 15th, 2040. The bond had a coupon rate of 10%, payable semi-annually on October 15th and April 15th. On July 10th, 2015, the bond was selling at 135.62% of its face value (Face value of $1,000). The price does not include the accrued interest. Find the accrued interest.
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