Identify the settlement date of the bond

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Anderson Corporate bond has a 3% coupon, paid semi-annually, and matures on October 1, 2025. Sarah holds $50,000 face value of the bond and sells it to Beatrice on Monday July 1 for 102.50. Assume a 2-day settlement.

Required:

a. Identify the date of the last coupon payment.

b. Identify the settlement date of the bond.

c. How many days of accrued interest will Sarah receive?

d. How much accrued interest will Sarah receive?

e. How much will he receive in principal?

Reference no: EM133068062

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