A bond, bought at a price of 7961.123, redeemed at par, with face amount 10000 and...
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A bond, bought at a price of 7961.123, redeemed at par, with face amount 10000 and coupons payable semiannually at a nominal annual interest rate of r compounded semiannually was issued on April 10, 2011. The first coupon was paid on October 10, 2011 and the bond has a maturity date of April 10, 2027. The bond yield rate is a nominal annual interest rate of j com- pounded semiannually. It is known that j-1.5r and the amount for accumulation of discount in the 15th coupon payment is 58.7394. Find the interest paid in the 28th coupon and the price-plus-accrued on November 15, 2020. A bond, bought at a price of 7961.123, redeemed at par, with face amount 10000 and coupons payable semiannually at a nominal annual interest rate of r compounded semiannually was issued on April 10, 2011. The first coupon was paid on October 10, 2011 and the bond has a maturity date of April 10, 2027. The bond yield rate is a nominal annual interest rate of j com- pounded semiannually. It is known that j-1.5r and the amount for accumulation of discount in the 15th coupon payment is 58.7394. Find the interest paid in the 28th coupon and the price-plus-accrued on November 15, 2020.
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The interest paid in the 28th coupon is ip 10000 587394 j2 81412606 The priceplusaccrued on ... View the full answer
Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0134141084
11th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
Posted Date:
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