The actual-actual method for figuring day counts

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On April 30, 1990, April purchased a $1,000 10% par-value seven-year bond having semiannual coupons; these were payable at the end of each October as well as on the anniversaries of the purchase. April paid $1,120. On July 18, 1993, she wished to know the dirty and clean values of this bond, figured using the theoretical method and again by the practical method. Calculate them all for her,using the”actual/actual” method for figuring day counts. The answers should be Dt=$1093.95, Ct=$1072.72, Dtprac=$1094.14 and Ctprac=$1072.68. Please show actual steps without use of financial calculator or excel

Reference no: EM132039784

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