A trade on a bond with a 3.75% semi-annual coupon rate settles on Jan 7, 2023. The
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A trade on a bond with a 3.75% semi-annual coupon rate settles on Jan 7, 2023. The bond matures Jun 01, 2032. The last coupon payment date is Dec 01, 2022. The next coupon payment date is Jun 01, 2023.
What is the accrued interest on the bond if the day count follows the 30/360 convention? Assume a par value of 100.00.
Answer in number form rounded to three decimal places, e.g., accrued of 1.722% of par should be entered as 1.722.
Related Book For
Contemporary Financial Management
ISBN: 978-1337090582
14th edition
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
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