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Author Question: You purchase 30 bonds with a coupon rate of 8.875 and a current market price of 100. The commission ... (Read 105 times)

Charlie

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on: Jun 24, 2018
You purchase 30 bonds with a coupon rate of 8.875 and a current market price of 100. The commission charge is 5.00 per bond. The date of the transaction is April 1, and the bond pays interest on January 1 and July 1. What is your total purchase price?

Question 2

When calculating present value, the ___________________ _ the interest rate, the smaller the present value amount.
 Fill in the blank(s) with correct word


otokexnaru

  • Sr. Member
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Reply #1 on: Jun 24, 2018
Answer to Question 1

30,815.63

Answer to Question 2

larger


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