Suppose an investor buys a 5 % coupon $ 1 , 0 0 0 par T -

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Question:

Suppose an investor buys a

5 %

coupon $

1, 000

par T

-

bond. The last coupon payment was

60

days ago, and there are

122

days until the next coupon payment. The bond's clean price is

105.375 .

What is the bond's dirty price?

Related Book For answer-question

College Algebra

ISBN: 978-0134697024

12th edition

Authors: Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels

See More Books

Posted Date: Mar 20, 2024 02:53 PM

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Suppose an investor buys a 5 % coupon $ 1 , 0 0 0 par T -

Question:

Expert Answer:

Answer The dirty price of the bond is the clean price plus the accrued interest ... View the full answer

College Algebra

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