Calculate the full price-accrued price

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A 7% corporate bond is priced for settlement on 14 th may 2018. The bond makes semi annual coupon payment on 15 th February and 15 th August of each year and matures on 15 th August 2025. Accrued interest rate based on the 30/365 day count convention and there are 89 days in the accrual period. Calculate the full price, the accrued price, the flat price per $100 of par value if the yield maturity is 7.2%

Reference no: EM133120084

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