Homework Answers
rate positively ..
| Given that - | ||||
| Bond par value = | 1000 | |||
| Coupon rate = | 10.90% | |||
| Frequency = | semiannual | |||
| Semi-annual coupon payment = | 54.5 | |||
| 1000*10.9%/2 | ||||
| Number of bond purchased = | 31 | |||
| 1st interest amount = 54.5*31 | 1,689.50 | |||
| Ans = | 1,689.50 | |||
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