Question: What is the day count convention?

What is the day count convention?

Step by Step Solution

★★★★★

3.40 Rating (141 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The day count convention also known as the day count basis or day count method is a standardized approach used in finance to calculate the interest ac... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Financial Markets Questions!

Q:

The actor Wesley Snipes was indicted in 2006 for not filing tax returns for the years 1999 through 2004 and filing refund claims for approximately $12 million for 1996 and 1997, claiming that only...

Q:

What is the day count convention in Canada and the United States?

Q:

recommendationforthe hedgefund onthe purchase of 5 per cent of Premier. Present and motivate your recommendation based on the following questions: 1. Present an overview of Premier's swap portfolio -...

Q:

Which group, if any, should the Diamond Peak Hotel accept? Why? What other questions might the general manager ask to make an effective decision? How would you deny one of the groups? What would you...

Q:

a) (3.5 pts) $1000 par value of Walmart 4.10% USD bond due April 15,2033 . The investor bought the bonds in the market at a clean price of 94.298 per bond. The bond has a 30/360 day count convention...

Q:

Question 3 (15 marks) Part A) (13 marks) Consider the following 3 bonds: 1. US Gov't Treasury Bond 2.375% due May 15, 2029 trading at a yield to maturity of 0.621%. Assume a settlement date of May...

Q:

Consider these 3 bonds: US Gov't Treasury Bond 2.375% due May 15, 2029 trading at a yield to maturity of 1.686%. Assume a settlement date of October 31, 2019. US Gov't Treasury Strip due May 15, 2029...

Q:

Need help on Question 3 parts A and B. Please use excel and show all work including formulas used. Thanks! Question 3 (15 marks) Part A) (13 marks) Consider the following 3 bonds: 1. US Gov't...

Q:

a) (3.5 pts) $1000 par value of Walmart 4.10% USD bond due April 15,2033 . The investor bought the bonds in the market at a clean price of 94.298 per bond. The bond has a 30/360 day count convention...

Q:

a) (3.5 pts) $1000 par value of Walmart 4.10% USD bond due April 15,2033 . The investor bought the bonds in the market at a clean price of 94.298 per bond. The bond has a 30/360 day count convention...

Q:

Question 6 (6 marks) An investor purchases the following bonds for his portfolio and the settlement dates are given for each transaction. For each bond position calculate the accrued interest to the...

Q:

A taxpayer is a US citizen who lived and worked France during the entire tax year. All of their income was earned outside of the US and consisted of wages, capital gains. dividends, and interest. Is...

Q:

First-order Bragg diffraction is observed at 25.2 related to the crystal surface, with spacing between atoms of 0.24 nm. (a) At what angle will second order be observed? (b) What is the wavelength of...

Q:

A good internal control system within a company can ensure the absence of fraud. Seleccione una: a . False b . True

Q:

Interim Purchase, Partial-Year Reporting Alternative, Cost Method Using the data presented in Exercise 4-8, prepare workpaper elimination entries for 2000 assuming use of the partial-year reporting...

Q:

=+8 What are a balancing charge and a balance allowance for capital items subject to a writing-down allowance?

Q:

=+What will these premiums be in three years' time, if the specific rate of inflation for insurance premiums is 8 per cent per annum?

Q:

=+3 The business insurance premiums of 20,000 for the next year have just been paid.

Q:

Slappey Communications is a technology firm in Birmingham, Alabama, specializing in telecommunications, computer, and network security. Its owner, Bill Slappey, invested nearly $770,000 in property,...

Q:

Oriole Company provides financial consulting and has collected the following data for the next year's budgeted activity for a lead consultant Consultants wages $95000 Fringe benefits $12500 Related...

Q:

Silver Company makes a product that is very popular as a Mother's Day gift. Thus, peak sales occur in May of each year, as shown in the company's sales budget for the second quarter given below:...