Hi guys,
Could you please teach me how to read something like this (attached or link below):
http://www.asx.com.au/asx/markets/pr...sxCodes=GSBW13
Does this mean:
1) The current price is 101.875 (offer). So to get 1000 units of this, I would fork out $101,875
2) I will get 4.324% coupon on 16th December, so on my 1000 bonds, I will get 4,324 / 2 = $2,162 (as coupon rates are annualized)
3) What is "Next Ex-Date" ?
4) The actual annual return then is 4,324/101,875 = 4.24%
I read a few articles online but I am still confused!
Is this right?
Thanks!