1.You purchase a bond with an clean price of $903. The bond has a coupon rate of 3 percent, and there are 1 months to the next semiannual coupon date. What is the dirty price of the bond? Enter the answer with 2 decimals (e.g. 954.23).
2. Ackerman Co. has 11 percent coupon bonds on the market with 9 years left to maturity. The bonds make semiannual payments. If the bond currently sells for $1,035.16, what is its YTM? Answer with 4 decimals (e.g. 0.0123)
1)
Dirty price:
= Clean price + Accrued interest
= $903+$1,000×3%×5/12
= $903+$12.50
= $915.50
Hence, dirty price is $915.50
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1.You purchase a bond with an clean price of $903. The bond has a coupon rate...
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