What to two decimal place accuracy is the cash price

Reference no: EM13267105

(a) It is April 1. The quoted price of a bond with an Actual/365 day count and 12% per annum coupon in the U.S. is 105. It has a face value of 100 and pays coupons on March 1 and Sept 1. What, to two decimal place accuracy, is the cash price?

(b) What difference would it make to your answer to part (a) if the bonds day count were 30/360

Reference no: EM13267105

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