You have purchased a corporate bond with the settlement, Ask an Expert

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You have purchased a corporate bond with the settlement date on February 15 with the face value of $1000 and the coupon rate 11.59%, that has a listed price of 109.077 and that pays interest semiannually on January 15 and July 15. Accrued interest is determined using 30/360 convention. How much must you pay for the bond?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92856607

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