The day count convention used in PH Bond Market 30/365 Actual/365 30/360
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Transcribed Image Text:Given:
Bond Info:
Coupon Rate
11.875%
Quoted Yield
3.000%
Maturity Date
May 29, 2023
Frequency
Tax Rate
20%
Trade Info:
Settlement Date
April 25, 2022
Face Amount
30,000,000.00
The day count convention used in PH Bond Market
30/365
Actual/365
30/360
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