An investor purchases $10,000 face amount of the U.S. Treasury 2 7/8 (coupon rate = 2.875%) of

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An investor purchases $10,000 face amount of the U.S. Treasury 2 7/8 (coupon rate = 2.875%) of August 15, 2019, for settlement on June 1st, 2014. The last coupon paid on February 15, 2014 and the next coupon pays on August 15, 2014. If the invoice price is $10,043.19, what is the bond's quoted price at settlement?

Posted Date: May 13, 2024 06:46 AM

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An investor purchases $10,000 face amount of the U.S. Treasury 2 7/8 (coupon rate = 2.875%) of

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To find the bonds quoted price at settlement we need to calculate the bonds discount or premium and ... View the full answer

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