you purchase a $10,000 T-note that matures on 12/31/28 (settlement occurs one day after purchase, so you receive actual ownership of the bond on 7/11/22). The coupon rate on the T-note is 2.125% and the current price quoted on the bond is 98.250%. The last coupon payment occurred on 6/30/22 (11 days before settlement) and the next coupon payment will be paid on 12/31/22 (173 days from settlement). a) Calculate the accrued interest due to the seller from the buyer at settlement b) Calculate the dirty price of this transaction

you purchase a $10,000 T-note that matures on 12/31/28 (settlement occurs one day after purchase, so you receive actual ownership of the bond on 7/11/22). The coupon rate on the T-note is 2.125% and the current price quoted on the bond is 98.250%. The last coupon payment occurred on 6/30/22 (11 days before settlement) and the next coupon payment will be paid on 12/31/22 (173 days from settlement). a) Calculate the accrued interest due to the seller from the buyer at settlement b) Calculate the dirty price of this transaction

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 4EA: On January 1, 2018, Wawatosa Inc. issued 5-year bonds with a face value of $200,000 and a stated...

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On Monday 6 March, 2023 you purchase a $1,000 Treasury bond that matures on May 15, 2031 (settlement now occurs one day after purchase, so you receive actual ownership of the bond on Tuesday 7 March, 2023). The coupon rate is 4.0 percent and the current price quoted on the bond is 101.233 percent of par (in dollar terms, $1.012.33). The last coupon payment occurred on November 15, 2022, and the next coupon payment will be paid on May 15, 2023. Calculate the dirty price. Hint: Do NOT round your intermediate steps
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