Question
You are purchasing a bond with a face value of $3,000 and a coupon rate of 5.45 percent. The bond pays interest semiannually and has
You are purchasing a bond with a face value of $3,000 and a coupon rate of 5.45 percent. The bond pays interest semiannually and has a yield to maturity of 5.51 percent. The bond matures in 7.5 years and pays its next interest payment in 4 months. What amount of accrued interest must you pay to purchase this bond today?
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Valuation, Measuring And Managing The Value Of Companies
Authors: Tim Koller, Marc Goedhart, David Wessels
7th Edition
1119611865, 9781119611868
