Answer:
Explanation:
Bond is with semi annual coupon payments, pays every 6 month
a) Last coupon was paid on October 15, 2017. Next coupon will be paid six months(180 days) after October 15.
So the next coupon is paid on October 15, 2017 + 6 month = April 15, 2018
b) Settlement date is November 12, 2017
Last coupon payment date is October 15, 2017
The number of days passed between settlement date and last coupon date = Settlement date - last coupon payment date
= November 12, 2017 - October 15, 2017 = 27 days
c) Days in current coupon period = Next coupon payment date - settlement date
Next coupon payment date = April 15, 2018
Days in current coupon period = April 15, 2018 - November 12, 2017 = 153 days
