I thought Bond Market value = market price/100 * par amount
Why above may not be the case? For exmpale, EOC (R21, Q3)
Is it because of coupon payment? Thanks.
I thought Bond Market value = market price/100 * par amount
Why above may not be the case? For exmpale, EOC (R21, Q3)
Is it because of coupon payment? Thanks.
maybe has to do with accrued interest?
seems need to avoid using market price to calculate dollar duration.