What is the semiannual interest payment

Reference no: EM131421032

Consider a straight-coupon bond (or bank loan) with semiannual interest payments at an 8 percent annualized rate. Per $100 of face value, what is the semiannual interest payment if the day count is based on the following methods?

a. Actual/actual

b. 30/360

c. Actual/365 if the coupon payment date is August 15, 1998 d. Actual/360 if the coupon payment date is August 15, 1998.

Reference no: EM131421032

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