Consider a 7.25% coupon, Fannie corporate bond that matures on May 15, 2030. Calculate the accrued interest

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Consider a 7.25% coupon, Fannie corporate bond that matures on May 15, 2030. Calculate the accrued interest for $1 million par value position assuming a settlement date of October 16, 2007. The last coupon payment was on May 15, 2007. Use the 30/360 day count.

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Introduction To Fixed Income Analytics

ISBN: 9780470572139

2nd Edition

Authors: Steven V. Mann, Frank J. Fabozzi

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