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Liam Investment Co purchases $100,000 par of 20-year Corporate bonds that have a Flat (Clean) price...

Liam Investment Co purchases $100,000 par of 20-year Corporate bonds that have a Flat (Clean) price of $97.50 (97.50% of par) for a value of $9,750.    Janie's buys this bond in the middle of the coupon period and the bond has accrued $812.50 in accrued interest.

What is the Full (dirty) value of the bond - i.e. how much cash does Janie's Investment company need to pay the seller?

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jeff jeffy answered 2 years ago
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