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You purchased a bond on 1 January 2019. The bond has a face value of $1000. It pays quarterly coupon payments on the 1st day
You purchased a bond on 1 January 2019. The bond has a face value of $1000. It pays quarterly coupon payments on the 1st day of January, April, July and October at the rate of BBSW + 4.89%. If the BBSW on 1 January 2020 is 1.52% and you sell the bond on 5 March 2020, how much will you receive? (Assume the day count fraction is Actual/365.).
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Finance Budget And Management For Reference Services Routledge Library Editions Library And Information Science
Authors: Ruth A. Fraley, Bill Katz
1st Edition
0367374293, 978-0367374297
