A 3.3% bond matures July 6th, 2023. The settlement date is October 2, 2018. The YTM...
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A 3.3% bond matures July 6th, 2023. The settlement date is October 2, 2018. The YTM is 4.06%. The bond pays coupons semiannually. Assume each month has 30 days and each semiannual coupon period has 180 days. The amount of accrued interest as of the settlement date (since the previous coupon payment) is $ Margin of error for correct responses: +/- $.03. Note: While you can use the Excel accrued interest function to check your answer (assuming you apply it correctly), be sure you can also do the probiem without Excel. Rounding and Formatting instructions: Do not enter dollar signs or commas in your response. Do not round any intermediate work, but round your "final* response to 2 decimal places (Example: if your answer is $12.34567, you should enter 12.35.) A 3.3% bond matures July 6th, 2023. The settlement date is October 2, 2018. The YTM is 4.06%. The bond pays coupons semiannually. Assume each month has 30 days and each semiannual coupon period has 180 days. The amount of accrued interest as of the settlement date (since the previous coupon payment) is $ Margin of error for correct responses: +/- $.03. Note: While you can use the Excel accrued interest function to check your answer (assuming you apply it correctly), be sure you can also do the probiem without Excel. Rounding and Formatting instructions: Do not enter dollar signs or commas in your response. Do not round any intermediate work, but round your "final* response to 2 decimal places (Example: if your answer is $12.34567, you should enter 12.35.)
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Each month is of 30 days Each half year is of 180 days Without using excel time between July 6th ... View the full answer
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