Bond A
Principal value: R25million
Coupon rate: 5%
Issue date: 1 June 2000.
Maturity date: 31 May 2015
Coupon payment dates: 30 November and 31 May
Bond registers close a month before the coupon payment dates
Suppose the bond traded at a market price of R98,500% on 30 March 2008. The number of days from 30 November to 30 March is 120 and the number of days from 30 March to 31 May is 62. The all-in price amount of Bond A when it traded on 30 March 2008 was:
