accruedInterest
|
|
|
|
|
|
|
|
|
Par
|
|
$1,000.00
|
|
Last Coupon
|
|
1/1/08
|
|
Yield
|
|
6%
|
|
Settlement
|
|
3/1/08
|
|
Coupon (%)
|
|
8%
|
|
Next Coupon
|
|
7/1/08
|
|
Coupon ($)
|
|
$40.00
|
|
Matures
|
|
7/1/10
|
|
|
|
|
|
|
|
|
|
Years (from last coupon)
|
|
2.50
|
|
Present value "street method"
|
|
|
|
Price (at last coupon)
|
|
$1,045.80
|
|
Period
|
CF
|
PV
|
|
|
|
|
|
1
|
$40.00
|
$39.22
|
|
w (days to next coupon)
|
|
120
|
|
2
|
$40.00
|
$38.08
|
|
days in coupon period
|
|
180
|
|
3
|
$40.00
|
$36.97
|
|
w periods
|
|
0.67
|
|
4
|
$40.00
|
$35.89
|
|
Accrued interest (AI)
|
|
$13.33
|
|
5
|
$1,040.00
|
$906.00
|
|
|
|
|
|
Full Price (PV)
|
|
$1,056.15
|
|
Full price
|
|
$1,056.15
|
|
|
|
|
|
Accrued interest (AI)
|
|
$13.33
|
|
Full price (compare)
|
|
$1,056.15
|
|
Clean price
|
|
$1,042.82
|
|
|
|
|
|