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Included Templates 53 Example A corporate bond matures on November 30, 1999 with a settlement date of August 14, 1996. It pays 13% coupon on a semi-annual basis, with a 30/360 day-count method. It will be redeemed at 100% of par and an annual yield of 13.75%. What is the price and accrued interest? Key Entry Clear… Comments Sets the display to its default values Date Basis 30/360 Pmt Basis Semi-Annual Sett Date 8/14/96 August 14, 1996 Mat Date 11/30/99 November 30, 1999 Cpn Rate% 13 Rdmptn Val 100 Yield% 13.75 Compute the price by selecting "?" on the same line. The accrued interest computes automatically. The price is $98.01 and the accrued interest is $2.67. © 1997-2003, Infinity Softworks
