Question: Question 10 3/3 pts Consider a bond with a coupon rate of 7%, face value of $100. and has a clean price of $90. Coupons

Question 10 3/3 pts Consider a bond with a coupon rate

Question 10 3/3 pts Consider a bond with a coupon rate of 7%, face value of $100. and has a clean price of $90. Coupons are paid semi-annually. Suppose there are 19 days to the next coupon payment date. What is the price an investor would have to pay to purchase the bond today? Assume a 30/360 day-count convention. Round your answer to the nearest cent (2 decimal places)

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