Clean Price of the Bond
Clean Price of the Bond = Face Value of the Bond x Percentage of Quotes
= $1,000 x 126%
= $1,260.00
Accrued Interest for one month
Accrued Interest = [Face Value of the Bond x Annual Coupon Rate x ½] x [30 Days / 182 Days]
= [$1,000 x 6.00% x ½] x [30 Days / 182 Days]
= $30.00 x [30 Days / 182 Days]
= $4.95
Invoice Price of the Bond
Invoice Price of the Bond = Clean Price of the Bond + Accrued Interest for one month
= $1,260.00 + $4.95
= $1,264.95
“Hence, the Invoice price of the Bond will be $1,264.95”
A coupon bond paying semiannual interest is reported as having an ask price of 126% of...
A coupon bond paying semiannual interest is reported as having an ask price of 112 % of its $1,000 par value. If the last interest payment was made one month ago and the coupon rate is 6%, what is the invoice price of the bond? Assume that the month has 30 days. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
A coupon bond paying semiannual interest is reported as having an ask price of 110% of its $1.000 par value of the last interest payment was made one month ago and the coupon rate is 5% what is the invoice price of the bond? Assume that the month has 30 days. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Check A coupon bond paying semiannual interest is reported as having an ask price of 113% of its $1,000 par value. If the last interest payment was made one month ago and the coupon rate is 5%, what is the invoice price of the bond? Assume that the month has 30 days. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Invoice price This is a numeric cell, so please enter numbers only.
A coupon bond paying semiannual interest is reported as having an ask price of 105% of its $1,000 par value. If the last interest payment was made 60 days ago and the coupone rate is 4%, what is the invoice price of the bond? Assume there are 182 days between coupon payments. Round your answer to two decimal places, and enter it without a dollar sign. Your Answer: Answer
Help Save & Exit Sub A coupon bond paying semiannual interest is reported as having an ask price of 124% of its $1.000 par value. If the last interest payment was made one month ago and the coupon rate is 7%, what is the invoice price of the bond? Assume that the month has 30 days. (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Invoice price 1 5 Next >
A coupon bond paying semiannual interest is reported as having an ask price of 105% of its $1,000 par value. If the last interest payment was made 60 days ago and the coupone rate is 496, what is the invoice price of the bond? Assume there are 182 days between coupon payments. Round your answer to two decimal places, and enter it without a dollar sign. Your Answer: Answer Question 9 (1 point) Consider a bond that matures in 7...
A coupon bond paying semiannual interest is reported as having an ask price of 99% of its $1,000 par value. If the last interest payment was made 60 days ago and the coupone rate is 5%, what is the invoice price of the bond? Assume there are 182 days between coupon payments. Round your answer to two decimal places, and enter it without a dollar sign. Your Answer: Answer Question 9 (1 point) Consider a bond that matures in 9...
Question 8 (1 point) A coupon bond paying semiannual interest is reported as having an ask price of 108% of its $1,000 par value. If the last interest payment was made 60 days ago and the coupone rate is 3%, what is the invoice price of the bond? Assume there are 182 days between coupon payments. Round your answer to two decimal places, and enter it without a dollar sign. Your Answer: Answer Question 9 (1 point) Consider a bond...
Question 10 A coupon bond paying semiannual interest has an ask price quote of 105% of its $1,000 par value. The last interest payment was made 150 days ago and the coupon period has 182 days If the coupon rate is 8.60%, what is the invoice price (in $) of the bond? S points Invoice price (round to nearest cent)
A coupon bond that pays semiannual interest is reported in the Wall Street Journal as having an ask price of 109% of its $1,000 par value. If the last interest payment was made 72 days ago, and this interest period has 183 days, and the coupon rate is 4.28%, what is the invoice price of the bond?