An 8.875% fixed coupon bond yielding 1.58% is traded and settles on January 28, 2014....
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An 8.875% fixed coupon bond yielding 1.58% is traded and settles on January 28, 2014. The bond was first issued on February 15, 1989 and pays the coupon interest every February 15th and August 15th of each year. What is the accrued interest dollar amount?
Use actual number of days. Round to 2 decimal places.
answer is not 6.36
please round to 2 decimals, no percentage
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