A corporate bond matures on November 30, 2007 with a settlement date of August 14, 2007. It pays 13% coupon on a semi-annual basis, with a 30/360 day-count method. It will be redeemed at 100% of par and an annual yield of 13.75%. What is the price and accrued interest?
| Variable | Enter |
|---|
| Clear | |
| Date Basis | 30/360 |
| Pmt Basis | Semi-Annual |
| Sett Date | 30 Nov 2007 |
| Mat Date | 14 Aug 2007 |
| Cpn Rate% | 13 |
| Rdmptn Val | 100 |
| Yield% | 13.75 |
Compute Price by scrolling to its variable and choosing Calculate from the menu. Accrued interest calculates automatically.
The price is $99.68 and the accrued interest is $2.67.
