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Today is April 15, 2021. The quoted price of a U.S. government bond (day counts in Actual/Actual in period) with an 8% per annum coupon
Today is April 15, 2021. The quoted price of a U.S. government bond (day counts in Actual/Actual in period) with an 8% per annum coupon (paid semiannually) is 103-12. The bond matures on July 07, 2025. What is the cash price of this bond? How does your answer change if it is a corporate bond (day counts in 30/360)?
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