flat-price

The example follows Bruce Tuckman's example 1.3. The bond settles on June 1st. The previous coupon was paid on February 15th and the next coupon is paid on August 15th; so it has been 106 days since the last coupon and 75 days until the next coupon. The bond matures in about 9.21 years, and has...

This video will show you two different approaches to retrieving a bond's full and flat price when we have the realistic situation of a settlement date that occurs in between two coupon dates. Don't have the Texas Instruments BA II Plus? Purchase one here: https://amzn.to/2XUEvYs