Question: Question 3 ( 1 2 marks ) A corporate bond has a face value of $ 1 , 0 0 0 , a 5 %
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A corporate bond has a face value of $ a annual coupon rate paid semiannually and years remaining to maturity. The yield to maturity YTM is compounded semiannually Today is days into the current day coupon period.
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a Calculate the dirty price of this transaction.
b Calculate the accrued interest due to the seller from the buyer at settlement.
c Calculate the clean price of this transaction in terms of dollars and in nds
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