Question
You consider buying a semi-annual corporate bond maturing on December 16, 2024 and settling on August 26, 2020. The bond is based on Actual/365 day-count
You consider buying a semi-annual corporate bond maturing on December 16, 2024 and
settling on August 26, 2020. The bond is based on Actual/365 day-count method with a
coupon rate of 6% redeemable at 100% of par value. The bond yields 7%. Compute the
bonds price and accrued interest? Solution = PRI = $96.32; AI = $1.16
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
16th Edition
0357517571, 978-0357517574
