Question
You contacted a broker to purchase your client $100,000 principal amount of a 4% GoC bond that matures on March 15, 2023. The transaction was
You contacted a broker to purchase your client $100,000 principal amount of a 4% GoC bond that matures on March 15, 2023. The transaction was done on Monday, April 12, 2021 and settles T+2 on April 14, 202 What is the amount of accrued interest your client will have to pay the seller?
a. $2,000
b. $328.77
c. $333.33
d. $4,000
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Private Debt Yield Safety And The Emergence Of Alternative Lending
Authors: Stephen L. Nesbitt
2nd Edition
1119944392, 978-1119944393
