You consider buying a semi-annual corporate bond maturing on December 16, 2024 and settling on...
90.2K
Verified Solution
Link Copied!
Question
Accounting
You consider buying a semi-annual corporate bond maturing on December 16, 2024 and settling on August 26, 2020. The bond is based on Actual/365 day-count method with a coupon rate of 6% redeemable at 100% of par value. The bond yields 7%. Compute the bonds price and accrued interest?
please clear steps because i have seen the answer but i don't understand where the numbers comes from
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.