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A three-year sovereign bond issued on 1 January 2030 and maturing on 31 December 2032 pays semiannual coupons of 1.5%

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A three-year sovereign bond issued on 1 January 2030 and maturing on 31 December 2032 pays semiannual coupons of 1.5% per year on 30 June and 31 December each year and has a face value of 100. The market discount rate is 2.0%. 


For a trade settlement date of 29 August 2031, the flat price of the bond as a percentage of par value, assuming an actual/actual day count, is closest to:

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To calculate the flat price of the bond as a percentage of par value for a trade settlement date of View the full answer


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Related Book For  answer-question
Intermediate accounting

Intermediate accounting

ISBN: 978-0077647094

7th edition

Authors: J. David Spiceland, James Sepe, Mark Nelson

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Posted Date: September 30, 2023 06:17:41
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