Question
You are looking at the bond quotes on your Bloomberg terminal. You see that the 5.875% coupon bond due on 2/15/31 has a price of
You are looking at the bond quotes on your Bloomberg terminal. You see that the 5.875% coupon bond due on 2/15/31 has a price of 134-18 and a yield to maturity of 2.79%. The Face value of the bond is $12,000. Accrued Interest is $120.
How much would you pay for the bond?
Step by Step Solution
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Step: 1
Answer The price of the bond is quoted as 13418 which means 134 1832 134...
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Accounting concepts and applications
Authors: Albrecht Stice, Stice Swain
11th Edition
978-0538750196, 538745487, 538750197, 978-0538745482
