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This bond has a 6-percent coupon rate and the last

It is now May 1, 2015, and Timmy has just purchased a five-year U.S. government bond (FV = $1,000) with a quoted price of 93.779. This bond has a 6-percent coupon rate, and the last semi-annual coupon payment was made on January 1, 2015. How much will Timmy actually pay for this bond?

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Finance Basics: This bond has a 6-percent coupon rate and the last

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Finance Basics: This bond has a 6-percent coupon rate and the last

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