As of August 1, 2022, the bond had exactly 19 years to maturity remaining and 7.7% coupon
Fantastic news! We've Found the answer you've been seeking!
Question:
As of August 1, 2022, the bond had exactly 19 years to maturity remaining and 7.7% coupon rate with 9.2% yield to maturity. Suppose 43 days have passed since the last coupon payment. Assuming there are 180 days in 6 months, find the accrued interest to find the dirty price of the bond, i.e. the price you would actually pay.
A$876.82
B$856.49
C$867.64
D$849.81
E$898.54
Related Book For
Investment Analysis and Portfolio Management
ISBN: 978-0538482387
10th Edition
Authors: Frank K. Reilly, Keith C. Brown
Posted Date: