You consider buying a semi-annual corporate bond maturing on December 16, 2024 and settling on...
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You consider buying a semi-annual corporate bond maturing on December 16, 2024 and settling on August 26, 2020. The bond is based on Actual/365 day-count method with a coupon rate of 6% redeemable at 100% of par value. The bond yields 7%. Compute the bonds price and accrued interest?
please clear steps because i have seen the answer but i don't understand where the numbers comes from
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