Copon dates are april 12th and october 12th if bond is sold


A. A corporate bond matures on November 20, 2030. Its coupon rate is 6.00% and face value is $100. Its yield is 6.05%. How much is its price on September 30, 2017

B. IBM bond pays 6.25% interest on face value of $100, semi-annually on May 21st and November 21st. The bond is sold on August 1st. How much is the accrued interest?

C. Proctor and Gamble Company issues a bond with 5.50% interest, face value $100. Interest is paid semi-annually. Copon dates are April 12th and October 12th. If bond is sold on June 1st how much is the accrued interest?

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Financial Management: Copon dates are april 12th and october 12th if bond is sold
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