It is May 1. The quoted price of a bond with an Actual/Actual (in period) day count

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It is May 1. The quoted price of a bond with an Actual/Actual (in period) day count and 12% per annum coupon (paid semiannually) in the United States is 105. It has a face value of 100 and pays coupons on April 1 and October 1. What is the cash price?

Posted Date: May 13, 2024 08:08 AM

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It is May 1. The quoted price of a bond with an Actual/Actual (in period) day count

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Expert Answer:

To calculate the cash price of the bond we need to follow these steps Gi... View the full answer

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