Question
suppose that you buy a $2,000 bond with a 10-percent annual coupon, payable semiannual on January 1st and July 1st. on both January 1st and
suppose that you buy a $2,000 bond with a 10-percent annual coupon, payable semiannual on January 1st and July 1st. on both January 1st and july 1st, the principal and accrued interest, only, how much would you expect to pay to purchase this bond on April 1st?
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Applied Quantitative Finance
Authors: Härdle
3rd Edition
3662544857, 978-3662544853
