Calculate the accrued interest of the following bond on Aug 31 based on 30/360-day count conventions. Face value: $2,000

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Calculate the accrued interest of the following bond on Aug 31 based on 30/360-day count conventions. Face value: $2,000

Post by answerhappygod »

Calculate the accrued interest of the following bond on Aug 31
based on 30/360-day count conventions.
Face value: $2,000
Annual coupon rate: 4%
Paid semi-annually and the last coupon was paid on Jun
30
$13.33
$13.26
$13.37
$13.15
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply