What is the invoice price of bond

Assignment Help Financial Management

Reference no: EM132062416

Suppose that you purchase a bond with a quoted price of $981.40 on January 15. The bond has a coupon rate of 6.500% and pays interest on May 15 and November 15 of each year. The exact number of days between November 15 and January 15 is 61, and the exact number of days between November 15 and May 15 is 181. What is the invoice price of the bond?

Reference no: EM132062416

Questions Cloud

What is the emissivity of the wall : The outside of the wall loses the energy only due to radiation. What is the emissivity of the wall?

According to the expectations hypothesis : According to the expectations hypothesis, what is the expected value of the one-year interest rate for next year?

What is the tension in the string : What angle does the string make with the vertical? What is the tension in the string?

Identify the specific manufacture and model of magnetic disk : From the first e-Activity, identify the specific manufacture and model of one (1) magnetic disk, one (1) solid state drive, and one (1) optical drive.

What is the invoice price of bond : Suppose that you purchase a bond with a quoted price of $981.40 on January 15. What is the invoice price of the bond?

What is the temperature in degrees celsius : What is the temperature in degrees Celsius at the outside window surface when the heat lost per second doubles?

What is the spot exchange rate between the euro and dollar : The same model costs 705 euros in France. If purchasing power parity holds, what is the spot exchange rate between the euro and the dollar?

Arrange in order of increasing energy nfra red : Arrange in order of INCREASING energy nfra red, visible light, radio waves, microwaves, x-rays, gamma waves, ultra-violet .radio waves

How might this affect your feelings toward the technology : You may have noticed that when you look at products on a search engine, that same product appears as an advertisement in your social media.

User Account

All Pages