How to calculate the accrued interest for a 1000 par bond if the next coupon is payable in 74 days and there are 182 days in a semiannual coupon period? Assume the annual coupon rate is 3.1%
How to calculate the accrued interest for a 1000 par bond if the next coupon is payable in 74 days and there are 182 days in a semiannual coupon period? Assume the annual coupon rate is 3.1%
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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How to calculate the accrued interest for a 1000 par bond if the next coupon is payable in 74 days and there are 182 days in a semiannual coupon period? Assume the annual coupon rate is 3.1%
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