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You plan to buy a bond at a quoted price of $987. The bond has a 5.0 percent coupon and pays interest semiannually on March 1 and September 1. What's...
You plan to buy a bond at a quoted price of $987. The bond has a 5.0 percent coupon and pays interest semiannually on March 1 and September 1. What's the dirty price of this bond if today is May 1. (Assume a 360-day year.)
A. $1002.59
B. $987.21
C. $1021.84
D. $995.33
A bond pays semiannual interest payments of $85.40. What's the coupon rate if the par value is $1,000?
A. 15.89%
B. 17.08%
C. 16.23%
D. 14.55%
A Treasury bill has 50 days left to maturity. The bank discount yield on the bill is 4.23 percent. What's the effective annual rate?
A. 4.87%
B. 4.40%
C. 5.11%
D. 4.59%
