Given the following bond quote: Maturity Date:11/15/2032 Coupon Rate: 4.125%, semi-annual payments Bid Price: 105.072% of par

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Given the following bond quote:

Maturity Date:11/15/2032

Coupon Rate: 4.125%, semi-annual payments

Bid Price: 105.072% of par

Ask Price: 105.075% of par

Change: -0.0140

Calculate the amount an investor would receive from selling $15,000 of par value in this bond. (Round to 2 decimals)

Related Book For answer-question

Introduction to Real Analysis

ISBN: 978-0471433316

4th edition

Authors: Robert G. Bartle, Donald R. Sherbert

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Posted Date: Mar 30, 2023 07:09 AM

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Given the following bond quote: Maturity Date:11/15/2032 Coupon Rate: 4.125%, semi-annual payments Bid Price: 105.072% of par

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To calculate the amount an investor would receive from selling 15000 of par value in this bond we need to first calculate the current market price of ... View the full answer

Introduction to Real Analysis

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