Bellarmine Companies' 11% coupon corporate bonds (30/360-day count) have 8 coupons remaining. The most recent semiannual coupon was paid 42 days ago and the bonds have a yield to maturity of 9.5%. For a trade that settles today, what is the:

a. full price per 100 par?

b. flat price per 100 par?

Answer rating: 100% (QA)

ANSWER a Full price 1048965 As we have calculated that is with interest accrued for 24 days We took ... View the full answer