A 1000 par bond with 8 semiannual coupons has payment dates


A 1000 par bond with 8% semiannual coupons has payment dates of May 31 and November 30. The bond matures on November 30, 2010. On May 31, 2007 the coupon payment of 40 is paid. The bond is sold 70 days later on the settlement date of August 9. The bond is sold to yield 7.4% convertible semiannually. Find the price plus accrued interest and the price.

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Other Subject: A 1000 par bond with 8 semiannual coupons has payment dates
Reference No:- TGS0649708

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