Calculate the accured interest of the bonds

Reference no: EM131935829

Question: Assume that you bought Treasury bonds. The settlement date of the bond is 9/30/2017, and the bond pays coupon interests on 8/15 and 2/15 each year. The bonds will mature in 2029. The coupon rate is 4% and the total par value is $10 million. The yield to maturity of the bond is 3%. Calculate the accured interest of the bonds. Assume that February has 28 days.

Reference no: EM131935829

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