Series 53: Price And Interest Rate Calculations

Taken from our Series 53 Online Guide

Price and Interest Rate Calculations

Certain large-issue, long-maturity revenue bonds are quoted in terms of their dollar price. These are called dollar bonds. If a $5,000 bond is trading at $4,890, and it is a dollar bond, it will be quoted at $4,890. Term bonds are generally quoted as dollar bonds. Bonds that are quoted on a yield to maturity basis are generally serial bonds, wh

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