Bond Info: Coupon Rate 11.875% Quoted Yield 3.000% Maturity Date May 29, 2023 Frequency 2 Tax Rate 20% Trade Info: Settlement Date Face Amount April 25, 2022 30,000,000.00
Bond Info: Coupon Rate 11.875% Quoted Yield 3.000% Maturity Date May 29, 2023 Frequency 2 Tax Rate 20% Trade Info: Settlement Date Face Amount April 25, 2022 30,000,000.00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:Given:
Bond Info:
Coupon Rate
11.875%
Quoted Yield
3.000%
Maturity Date
Frequency
May 29, 2023
Tax Rate
20%
Trade Info:
Settlement Date April 25, 2022
Face Amount
30,000,000.00
Question 1
Assuming this bond is traded in a NO TAX
environment, how much is the coupon per coupon
payment date?
1.400,000.00
1,625,000.00
| 1,781,250.00
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