Calculate the Dirty Price and Clean Price for a bond with the following features: -Settlement date is
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Question:
Calculate the Dirty Price and Clean Price for a bond with the following features:
-Settlement date is today.
-Similar bonds have a yield of 10%
-Coupon rate is 8% and these are paid semi-annually.
-The next coupon date is 30 June 2021.
-Bond matures on 30 June 2024.
What is the maximum yield (%) that would make the bond trade at a premium? (clean price at least R1001).
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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