consider a 5% semiannual coupon government bond that matures on 15 february 2024 accrued interest on...

consider a 5% semiannual coupon government bond that matures on 15 february 2024 accrued interest on this bond uses the 30/360 day count convention. the coupon payments are made on the 15 february and 15 august of each year. the bond is to be priced for a settlement on 14 may 2015. the annual ytm is stated to be 4.8% par value = 100 what are the full price, accrued interest and flat price on this bond

Expert Solution

Please refer to below spreadsheet for calculation and answer. Cell reference also provided.

Cell reference -

Flat Price (clean price) is a price of bond on last dividend bond it does not include any accrued interest rate.

Full Price (dirty price) is sum of Flat price and Accrued interest. Accrued interest for last coupon date to settlement date.

jeff jeffy answered 1 hour ago

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