On July 1, 2012 you purchase a $10,000 par T-Note that matures in 5 years. The coupon rate is 8% and the price quote is 98:6. The last coupon payment was May 1, 2012 and the next payment is November 1, 2012 (184 days total) . The accrued interest is
A) $132.61.
B) $101.00.
C) $50.54.
D) $40.65.
E) $35.67. ((8%/2) x 10,000) x (61 days since last coupon/184) = $132.61
Correct Answer:
Verified
Q24: A holder of Rainbow Funds convertible bonds
Q25: A T-Bond with a $10,000 par is
Q26: The quoted ask yield on a 30-year
Q28: Which of the following is/are true about
Q29: SEC Rule 144 A does which of
Q31: The largest type of municipal bonds outstanding
Q32: The ask yield on a 6% coupon
Q36: Which one of the following bonds is
Q38: When an investment banker purchases an offering
Q47: Which of the following statements about Eurobonds
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents