10. You have just deposited $1000 in an unusual bank account that pays interest biannually (once every 2 years). If the 2-year i
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As a seller we would receive $1,041.25
<u>Solution:</u>
You may receive the bid price of the dealer, of $1,000, or $1,041.25
Prices of treasury bonds are expressed as par value amounts.
The quote price of 104:25 means that the bond is priced at of the par value.
Therefore, if the debt is $1,000, the dollar values to be charged by the borrower should be