A 5%, $1,000 bond makes coupon payments on June 15 and December 15 and is trading with
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Question:
A 5%, $1,000 bond makes coupon payments on June 15 and December 15 and is trading with a YTM of 6% (APR). The bond is purchased and will settle on August 21 when there will be four coupons remaining until maturity. Calculate the full price of the bond using actual days.
Related Book For
Fundamentals of Investments Valuation and Management
ISBN: 978-0078115660
7th edition
Authors: Bradford Jordan, Thomas Miller
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