Martin Luther King Jr. was born at noon Tuesday, January 15, 1929, at the family home, 501 Auburn Avenue, N.E., Atlanta, Georgia. Dr. Charles Johnson was the attending physician. Martin Luther King Jr., was the first son and second child born to the Reverend Martin Luther King, Sr., and Alberta Williams King.
Example â Calculating the Purchase Price for a Bond with Accrued Interest. You purchase a corporate bond with a settlement date on September 15 with a face value of $1,000 and a nominal yield of 8%, that has a listed price of 100-08, and that pays interest semi-annually on February 15 and August 15.
Now suppose one year later interest rates rise to 5% and you decide to sell your bond because you need that $1,000. When you enter an order to sell, the order goes to the market, and potential buyers now compare your bond to other bonds and offer you a price. Of course this all happens electronically in an instant.