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- 2011-7-11
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- 2016-4-21
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Suppose a corporation issues bonds of say $100 with a flaoting rate coupon payable anually like
coupon rate = 5 year T note + 50 bps...
Maturity 10 years....
issued at say 1 Jan 2009 and will mature at 1 Jan 2019....
5 yr T note yield on 1 jan 2009 = 5%
5 yr T note yield on 1 july 2009 = 6%
So on 1st july 2009 there is coupon payment....
My question is whether the coupon payment will be $2.75 or $3.75.??.....that is the coupon is set at the beginning of the settlement period or at the end.....
Thanks in advance! |
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发表于 2011-7-13 15:33
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