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You purchased a bond on 1 January 2 0 1 9 . The bond has a face value of $ 2 0 0 0 .

You purchased a bond on 1 January 2019. The bond has a face value of $2000. It pays quarterly coupon payments on the 1st day of January, April, July and October at the rate of BBSW +2.20%. If the BBSW on 1 January 2020 is 1.32% and you sell the bond on 25 March 2020, how much will you receive? (Assume the day count fraction is Actual/365.)
Question 5 Answer
a.
$2016.01
b.
$2016.39
c.
$2016.20
d.
$2016.78

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