Question
The FINRA website reports an ask price of 104.55 of 1000$ par value for a coupon bond which pays interest semiannually(183 days in the coupon
The FINRA website reports an ask price of 104.55 of 1000$ par value for a coupon bond which pays interest semiannually(183 days in the coupon period). If the last interest payment was made 40 days ago and the coupon rate is 9%, what is the invoice price of the bond?
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Advanced Financial Accounting
Authors: Richard Lewis, David Pendrill
7th Edition
0273658492, 978-0273658498
