The maturity date of a bond with $1000 face value and 12% annual coupon rate (paid semi-annually) is 01/01/2024. What is the accrued interest on 04/01/2021? The last expert who answered this claimed the last coupon date was October 1, 2020 which I believe is wrong. Shouldnt the coupon payments be every 6 months prior to the maturity date of 04/01/2024 since that would be the last coupon payment?

The maturity date of a bond with $1000 face value and 12% annual coupon rate (paid semi-annually) is 01/01/2024. What is the accrued interest on 04/01/2021? The last expert who answered this claimed the last coupon date was October 1, 2020 which I believe is wrong. Shouldnt the coupon payments be every 6 months prior to the maturity date of 04/01/2024 since that would be the last coupon payment?

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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