You have purchased a corporate bond with the settlement date on March 15 with the face value of $1000 and the coupon rate 9.42%, that has a listed price of 93.180 and that pays interest semiannually on January 15 and July 15.
You have purchased a corporate bond with the settlement date on March
15 with the face value of $1000 and the coupon rate 9.42%, that has a listed price of 93.180 and that pays interest semiannually on January 15 and July 15. Accrued interest is determined using 30/360 convention. How much must you pay for the bond?
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