jonesw
yes "minor" error in spreadsheet (forgot to divide coupon by 2);
At 90 cents and 15 cent TIM, I make loss 12 cents on PV basis. All the same, breakeven I get is 18 cents. Note I gross up dividend to a/c for franking.
Buy 90 today, receive 9.9 cents gross coupon in both March and Sep, plus 72 cents value in Sep,
