A $5000 bond was sold for $4860 (flat) on September 17. If the bond pays $200 interest

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A $5000 bond was sold for $4860 (flat) on September 17. If the bond pays $200 interest on June 1 and December 1 of each year, what price (expressed as a percentage of face value) would have been quoted for bonds of this issue on September 17?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 08:13 AM

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A $5000 bond was sold for $4860 (flat) on September 17. If the bond pays $200 interest

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Given FV 5000 b FV 200 flat price 4860 on September 17 Time from preceding interest pay...View the full answer

Business Mathematics In Canada

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