On 2/25/2031, a U.S. Treasury bond has a face value of $1,000, maturity at 8/10/2032, a coupon
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Question:
On 2/25/2031, a U.S. Treasury bond has a face value of $1,000, maturity at 8/10/2032, a coupon rate of 8%, semi-annual coupon payments, and yield to maturity of 6.8%. As of 2/25/2031, there have been 15 days since the last coupon payment. The next coupon payment on 8/10/2031 is 166 days away. What is the bond's clean price and dirty price on 2/25/2031? Keep the final answers in 2 decimal places,e.g., $10.12.Show your work.
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