Bond Valuation With Accrued Interest: A Closed-Form Solution

The received orthodoxy of teaching bond valuation to our introductory students typically assumes that an annual or semiannual coupon payment occurs on the day the bond is being priced. Though such an approach is an obvious pedagogical convenience to the professor, most students do not recognize that...

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Veröffentlicht in:	Journal of financial education 1997-04, Vol.23, p.77-79
Hauptverfasser:	Martin, Deryl W., Wood, Bob G.
Format:	Artikel
Sprache:	eng
Schlagworte:	Accrued interest Bond markets Coupon bonds Coupon payments Coupons FINANCE PEDAGOGY Insurance settlements Market prices Municipal bonds Payments Pricing
Online-Zugang:	Volltext
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