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A trade on a bond with a 4.150% coupon rate that is paid semi-annually settles...

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Finance

  1. A trade on a bond with a 4.150% coupon rate that is paid semi-annually settles on Jul 7, 2023. The bond matures Nov 01, 2032. The last coupon payment date is May 01, 2023. The next coupon payment date is Nov 01, 2023. What is the accrued interest on the bond as of the settlement date if the day count follows the 30/360 convention? Assume a par value of 100.00. Answer in number form rounded to three decimal places, e.g., accrued of 1.722% of par should be entered as 1.722.
  2. Suppose that a 4-year bond with an annual coupon of 5.25% has a price of 102.000 percent of par. An investor faces a tax rate of 28% on bond coupon interest. What is the after-tax yield on the bond? Answer as a whole number rounded to three decimal places, i.e., 1.727% as 1.727.
  3. A 4-year bond bearing a semi-annual coupon of 3.750% has a price of 95.050% of par. What is the bond-equivalent yield (BEY) on the bond? Enter your answer as a number rounded to three decimal places, not in percent, e.g., if the answer is 4.2515%, enter 4.252.

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