Questions and Answers > University of Illinois, ChicagoFIN 494exam prepared


1. Quoted price of the bond is $105. Coupon is 10% per year, paid twice a year. Par value is $100.The most recent coupon was paid 50 days ago, and the next coupon will be paid 132 days fromnow. Find the cash price of the bond. Round to the nearest integer.• Cash Price of Bond = Quoted Price + Accrued InterestCoupon amount is 10%*100*(1/2)= 5Paied twice per yearQuoted price of the bond is given 1 ...[Show More]

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