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3. Compute invoice price of the following positions for settlement date Sept 10, 2016: (Do not use the excel formula 'ACCRINT' for accrued interest). Position Sell Sell Buy Sell Maturity 2/1/2017 5/15/2020 11/15/2040 8/15/2046 Bid Discount 1.065% Annual Coupon Rate 7.125% 3.375% 4.875% Bid Price 133.9891 127.0313 96.2969 Asked Price 133.8047 127.0938 96.3281

3. Compute invoice price of the following positions for settlement date Sept 10, 2016: (Do not use the excel formula 'ACCRINT' for accrued interest). Position Sell Sell Buy Sell Maturity 2/1/2017 5/15/2020 11/15/2040 8/15/2046 Bid Discount 1.065% Annual Coupon Rate 7.125% 3.375% 4.875% Bid Price 133.9891 127.0313 96.2969 Asked Price 133.8047 127.0938 96.3281

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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3. Compute invoice price of the following positions for settlement date Sept 10, 2016: (Do not use the excel formula ‘ACCRINT' for accrued interest). Position Sell Sell Buy Sell Maturity 2/1/2017 5/15/2020 11/15/2040 8/15/2046 Bid Discount 1.065% Annual Coupon Rate 7.125% 3.375% 4.875% Bid Price 133.9891 127.0313 96.2969 Asked Price 133.8047 127.0938 96.3281
Transcribed Image Text:3. Compute invoice price of the following positions for settlement date Sept 10, 2016: (Do not use the excel formula ‘ACCRINT' for accrued interest). Position Sell Sell Buy Sell Maturity 2/1/2017 5/15/2020 11/15/2040 8/15/2046 Bid Discount 1.065% Annual Coupon Rate 7.125% 3.375% 4.875% Bid Price 133.9891 127.0313 96.2969 Asked Price 133.8047 127.0938 96.3281
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