Answer to Question #221770 in Financial Math for Joe

Question

Coupon rate: 9,75%

Yield to maturity: 11,4% per year

Maturity rate date: 15 April 2046

Settlement date: 29 November 2021

The accrued interest is

Answer 1

Days to last coupon paid$=228days$

Rate for the full year$=9.75\%$

Rate for

$228days=\frac{9.75\%×228}{365} =0.060904=6.0904\%$

The accrued interest is $6.0904\%$