A corporate bond with a face value of $1,000 and a coupon rate of 4.6% pays interest
Fantastic news! We've Found the answer you've been seeking!
Question:
A corporate bond with a face value of $1,000 and a coupon rate of 4.6% pays interest semiannually and has a maturity date of May 6, 2026. The trade settles on January 22, 2022. The yield to maturity is 5.8%.
Part 1:
How many days have passed since the last coupon payment? Use Excel's COUPDAYBS() function. Dates must be entered with Excel's DATE() function.
Part 2:
How many days are in the current coupon period? Use Excel's COUPDAYS() function. Dates must be entered with Excel's DATE() function.
Part 3:
What is the accrued interest on the bond (in $)?
Related Book For
Introduction to Operations Research
ISBN: 978-1259162985
10th edition
Authors: Frederick S. Hillier, Gerald J. Lieberman
Posted Date: