You purchase 30 bonds with a coupon rate of 8.875% and a current market price of 100.
Fantastic news! We've Found the answer you've been seeking!
Question:
You purchase 30 bonds with a coupon rate of 8.875% and a current market price of 100. The commission charge is $5.00 per bond. The date of the transaction is April 1, and the bond pays interest on January 1 and July 1. What is your total purchase price?
Expert Answer:
Posted Date:
