Question
You purchase a $14,000 3.875% Treasury bond maturing December 10, 2035. The bond is priced to yield 10.625% and settles March 4, 2017. Accrued Interest
You purchase a $14,000 3.875% Treasury bond maturing December 10, 2035. The bond is priced to yield 10.625% and settles March 4, 2017.
Accrued Interest is calculated over___?___ days and you earn interest over___?___ days. Interest is thus earned over a total of___?___ days.
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Contemporary Engineering Economics
Authors: Chan S. Park
5th edition
136118488, 978-8120342095, 8120342097, 978-0136118480
