What is the accrued interest

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Reference no: EM132019400

Information regarding Bond Z, sold for settlement on August 22, 2014.

Annual Coupon 5%

Coupon Payment Frequency Semiannual I

Interest Payment Dates 14 March and 14 September

Maturity Date 14 September 2016

Day-count Convention 30/360

Annual Yield-to-Maturity 4%

1. For Bond Z listed in Table 8.0 what is the accrued interest per 100 of par value on the settlement date of 22 Aug 2014 is:

a) 2.21

b) 1.50

c) 4.42

d) none of the above.

2. What is the full price, at settlement, of Bond Z in Table 8.0?

a) 101.90

b) 103.70

c) 104.11

d) none of the above.

Reference no: EM132019400

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