Question
Suppose the coupon rate on a 30-year maturity, $1000 par value bond is 8% and that 30 days have passed since the last coupon payment.
Suppose the coupon rate on a 30-year maturity, $1000 par value bond is 8% and that 30 days have passed since the last coupon payment. What is the accrued interest on the bond? How much will you pay for the bond if the bond is quoted at $990?
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Real Estate Finance And Investments
Authors: William Brueggeman, Jeffrey Fisher
16th Edition
1259919684, 978-1259919688
