Mariam8649 Mariam8649

23-05-2023
Business

contestada

A bond makes semi-annual interest payments at a coupon rate of 5.7% per year on 15 January and 15 July each year. What is the accrued interest (per $100 of face value) if the bond changes hands on 25 March 2020?
a.
$1.080
b.
$1.096
c.
$1.086
d.
$1.102

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