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QUESTION
A F I N A N C I A L Q U E S T I O N T H A N K S. T ---------- You are planning on buying $100,000 face value of Australian Commonwealth Government...
L. O. T ----------You are planning on buying $100,000 face value of Australian Commonwealth Government Bonds. The bonds mature on 15 February 2017 and have a coupon rate of 4.75%. If your purchase will settle on 27 April 2012, and the quoted yield for the bond is 3.77%, what is the cash price of the bonds to the nearest dollar?
