Accrued interest is determined using actualactual


Mary purchased a corporate bond with the settlement date on September 15 with the face value of $1000 and the coupon rate 11.52%, that has a listed price of 107.469 and that pays interest semiannually on February 15 and August 15. Accrued interest is determined using actual/actual convention. How much must Mary pay for the bond?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Accrued interest is determined using actualactual
Reference No:- TGS02694263

Expected delivery within 24 Hours