David,
Quick question that you'll be explain to very easily I imagine. When I'm calculating the purchase price and subsequent sale, I'm getting wrong numbers.For example (taken from a Schweser question):
Assume I'm selling my position; if the principal balance is $8,894,900 and the bond price is 100 20/32 what are my proceeds?
This is rookie level stuff, but not sure what I'm missing?
Quick question that you'll be explain to very easily I imagine. When I'm calculating the purchase price and subsequent sale, I'm getting wrong numbers.For example (taken from a Schweser question):
Assume I'm selling my position; if the principal balance is $8,894,900 and the bond price is 100 20/32 what are my proceeds?
This is rookie level stuff, but not sure what I'm missing?