A 8.5% semiannual coupon bond is settled on 18 June 2019. The quoted price on that day
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A 8.5% semiannual coupon bond is settled on 18 June 2019. The quoted price on that day is EUR 101.91 per EUR100 of par value. The bond makes semiannual coupon payments on 19 March and 19 September of each year and matures on 19 September 2030. This bond uses the Actual/Actual day-count convention for accrued interest. Calculate the price to be paid by the buyer.
Related Book For
Government and Not for Profit Accounting Concepts and Practices
ISBN: 978-1118983270
7th edition
Authors: Michael Granof, Saleha Khumawala, Thad Calabrese, Daniel Smith
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