Bellarmine Companies' 11% coupon corporate bonds (30/360-day count) have 8 coupons remaining. The most recent semiannual coupon
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Question:
Bellarmine Companies' 11% coupon corporate bonds (30/360-day count) have 8 coupons remaining. The most recent semiannual coupon was paid 42 days ago and the bonds have a yield to maturity of 9.5%. For a trade that settles today, what is the:
a. full price per 100 par?
b. flat price per 100 par?
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