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the answer is here, I just need to know PV,N,I,PMT. ext. Problem: A coupon paying bond with semi-annual payments is reported as having an ask
the answer is here, I just need to know PV,N,I,PMT. ext.
Problem: A coupon paying bond with semi-annual payments is reported as having an ask price of 117% of its $1,000 face value. The last payment was made 1 -month ago (assume 30 days), and the coupon rate is 6%. The interest on the bond accrues on a 360 -day basis. What is the invoice price of the trade ticket? The final answer is $1175 Step by Step Solution
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