Today is April 15, 2016 (a leap year). We have the prices and yields for the...
Today is April 15, 2016 (a leap year). We have the prices and yields for the following three bonds. Assume that all the bonds have face values of $1,000, and pay semi-annual coupons.
|
Bond |
Coupon |
Maturity date |
Bid $ |
Yield % |
|
1 |
5.750 |
Jun/01/2029 |
146.76 |
1.74 |
|
2 |
5.750 |
Jun/01/2033 |
154.59 |
1.97 |
|
3 |
3.500 |
Dec/01/2045 |
131.48 |
2.07 |
Fill in the blanks in the following table. Clearly show all reasoning and calculations in your answers.
|
Bond |
Clean price $ |
Last coupon date |
# days since last coupon |
# days between last and next coupon |
Accrued Interest |
Dirty price $ |
|
1 |
1467.60 |
Dec/01/2015 |
136 |
183 |
21.37 |
1488.97 |
|
2 |
||||||
|
3 |
REALLY confused on the days and how to calculated the accrued interest. Understand the clean price calculation.
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Today is April 15, 2016 (a leap year). We have the prices and
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