标题: Accrued Interest [打印本页]

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作者: wildrose    时间: 2011-7-11 19:42     标题: Accrued Interest

This is from Schweser

A 6% US treasury security maturing 9/30/10 is quoted at a price of 97.625 on july 1. The bond pays interest semiannually on march 31 and sept 30. On july 1, the accrued interest on this bond would be?

a) 14.92
b)29.84

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作者: lc26mizzou    时间: 2011-7-11 19:42

just by elimination - without any calculation - I believe answer is 29.84

on March 31 it paid out 60$.(coupon)
now next payment of 60 is in 6 months on Sept 30.

So on July 1st it should be pretty close to 30$ - so 29.84.

60 * (30+31+30)/180 = 30.33 (approx)

CP

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作者: leadcfa    时间: 2011-7-11 19:43

more precise...

30+31+30 - Days till Jul 1 = 91
91 + 31+31+30 = 183 - days till Sep 30

60$ = Coupon
Accrued Int = 60 * 91/183
= 29.84

CP

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作者: jim8z3    时间: 2011-7-11 19:43

6% coupon paid semiannually - shouldnt periodic coupon be $30?? hence $14.92?



Edited 1 time(s). Last edit at Sunday, November 21, 2010 at 06:44AM by oz001.

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作者: Mechanic    时间: 2011-7-11 19:43

my bad!

CP

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作者: bluejazzy    时间: 2011-7-11 19:43

30+31+30 - Days till Jul 1 = 91
91 + 31+31+30 = 183 - days till Sep 30

30$ = Coupon
Accrued Int = 30 * 91/183
= 14.92

CP

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