Asked by Lucie
please chek my answer thanks :)
What is purchase price of 15 Warren Corporation bounds with a coupon rate of 7 3/4 and a current market price of 98 ? The commission charge is $8 per bound. The date of the transcation is March 5 and the bond pays interest on Nov 5 and May 5
My answer is 13,206.50
What is purchase price of 15 Warren Corporation bounds with a coupon rate of 7 3/4 and a current market price of 98 ? The commission charge is $8 per bound. The date of the transcation is March 5 and the bond pays interest on Nov 5 and May 5
My answer is 13,206.50