Calculating the actual price of the security in the …

104.625 (% of par) 102.252 (ask + accrued interest) Step 2: Find the quoted value by subtracting the accrued interest from the value in the previous step. 102.252 – 0.61326 = 101.639% = $1,016.39 5. Using the bond function keys on your financial calculator can you calculate this note’s price, accrued interest, and yield to maturity (YTM)? ................
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