A bond, described in the exhibit below, is sold for a settlement on 8 April 2021. Annual Coupon rate​​:12% Coupon payment frequency​: monthly Maturity date*​​: Your ID number(4521) + Settlement date Day count convention ​: 30 / 360 Annual yield to maturity​:9% Face value​​​:1,000 USD Calculate the dirty price (full price), clean price (flat price) and accrued interest (AI).

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Q: 4) A bond, described in the exhibit below, is sold for a settlement on 8 April 2021. Annual Coupon…

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Q: A bond, described in the exhibit below, is sold for a settlement on 8 April 2021. Annual Coupon…

A: given information  Annual Coupon rate​​:12%Coupon payment frequency​: monthlyMaturity date*​​:…

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Treasury Market

On-the-run securities are the most recently issued securities in the market depth and are therefore traded at some premium. The off-the-run securities are the ones issued just before the most recent ones. The on-the-run securities have a lower yield to the investor than the off-the-run securities.