Bond Principal: R 5000000 Issue date: 30 June 2021 Maturity date: 15 September 2026 Coupon rate: 7.00%
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Question:
- Bond Principal: R 5000000
- Issue date: 30 June 2021
- Maturity date: 15 September 2026
- Coupon rate: 7.00%
- Coupon payment dates: 30 June and 31 December.
- The bond register closes one month before the coupon payment dates.
- Suppose that the bond traded at a market price of R 103.475% for settlement on 10 December 2021 . The number of days from 30 June 2021 to 10 December 2021 is 163 and the number of days from 10 December 2021 to 31 December 2021 is 21 .
- What is the running yield on the bond?
Related Book For
Intermediate accounting
ISBN: 978-0077647094
7th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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