Level 1, question of Fixed income 2014, method, question, interest, income

kingmary

Copy from the Kaplan text book for 2014, page 138.
Question 13.
An 8% semiannual coupon, $1000 par value 5-year bond is issued on Dec. 30, 20X2 and matures on Dec. 30, 20X7. The bond pays its coupons on June 30 and December 30 of each year. On February 15 of 20X2 the bond has yield to maturity of 6.5%. Accrued interest on this date using the 30/360 method is closest to:

A. $15
B. $20
C. $25

Answer is B.

no. of days over which coupon interest has accrued is 30(Jan.)+15(Feb.)=45.
Accrued interest=$1000 x 8% x 45/180 = $ 20.

我的問題是：bond isued on Dec. 30, 20X2， On February 15 of 20X2 the bond has yield to maturity of 6.5%，這是同一年期。
8% semiannual coupon, 計算時不是用半年利息嗎？：1000x8%/2
謝謝大家了。

kingmary

朋友们，就回答一下嘛，帮帮忙