Question
Suppose that todays date is April 15. A bond with a 7.0% coupon paid semiannually every January 15 and July 15 is listed in The
| Suppose that todays date is April 15. A bond with a 7.0% coupon paid semiannually every January 15 and July 15 is listed in The Wall Street Journal as selling at an ask price of 101:05. If you buy the bond from a dealer today, what price will you pay for it? The answer is 1029.06 but I need to understand how you got there. |
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International Finance Transactions Policy And Regulation
Authors: Hal Scott, Anna Gelpern
20th Edition
1609303164, 978-1609303167
