How much did he actually pay for this bond

Reference no: EM13258910

Suppose that, on 27th August 2007, Clement bought a 20-year 7% HSBC corporate bond that pays coupon interest at 7th June and 7th December each year. The par value of this bond is $100,000 and the price quote was 102.4375 on 27th August 2007. How much did he actually pay for this bond? Assume that the accrual interest calculation uses the actual number of day.

Reference no: EM13258910

Questions Cloud

What gauge of wire would use if needed to limit power loss : You plan to integrate a sensor that operates at 24 VDC and 2A At distance of 100 feet from your controller under normal conditions. What gauge (AWG) of wire would you use if you needed to limit your power loss to 10%

Journal entry that alan should make : give journal entry that alan should make on jan. 1,2006

Determine the carrying amount of the bonds : Journalize the entries to record the foregoingtransactions. Indicate the amount of the interest expense in (a)2002 and (b) 2003.

State the chemical equation and the kb expression : Write the chemical equation and the Kb expression for the reaction of each of the following bases with water: ammonia, NH3; hydrogen sulfide, HS- ; hypochlorite ion, ClO-

How much did he actually pay for this bond : How much did he actually pay for this bond? Assume that the accrual interest calculation uses the actual number of day.

How large is the persons image : person 1.6 m tall stands 5.2 m from a reflecting globe in a garden. How large is the person's image

Explain a ballon filled with mol of gas contracts reversibly : a ballon filled with 0.505 mol of gas contracts reversibly from 1.0 L to 0.10 L at a constant temperature of 5.0 degree celsius. In doing so it loses 1270 J of heat. calculate w, q, and U for the process.

What is the phase shift between the two signals : Consider two signals that have the same frequency. When the amplitude of the first signal is at its maximum, the amplitude of the second signal is at half its maximum from the zero level. What is the phase shift between the two signals

Compute the wavelength of frequencies of electromagnetic : Calculate the wavelength of each of the following frequencies of electromagnetic radiation. 1105 kHz (typical frequency for AM radio broadcasting)

User Account

All Pages