On January 1 20X1 Alpha Inc purchased 400000 95 bonds of Theta Limited The bonds pay interest annually every December 31 and would mature on December 31 20x5 The bonds were acquired to yield 1025 Alpha Inc manages this investment on a contractual yield basis and intends to hold the bonds till maturity

Answer rating: 100% (QA)

Calculation of price of Bond as on December 31 20x1 Par ... View the full answer