Question
You buy a bond on Thursday April 6, 2023. The trade will settle the following Monday April 10. The bond is a treasury bond with
You buy a bond on Thursday April 6, 2023. The trade will settle the following Monday April 10. The bond is a treasury bond with a maturity of July 1 2030 and a coupon rate of 3.75%. Yields on similar paper are 4.10% on the day of the trade .
Calculate the accrued interest due the seller of this bond on Monday 17 April 2023.
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Corporate Finance Core Principles And Applications
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
6th Edition
1260571122, 978-1260571127
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