You are looking at the bond quotes on your Bloomberg terminal. You see that the 5.875% coupon

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You are looking at the bond quotes on your Bloomberg terminal. You see that the 5.875% coupon bond due on 2/15/31 has a price of 134-18 and a yield to maturity of 2.79%. The Face value of the bond is $12,000. Accrued Interest is $120.

How much would you pay for the bond?

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Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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Posted Date: Apr 16, 2024 07:52 AM

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You are looking at the bond quotes on your Bloomberg terminal. You see that the 5.875% coupon

Question:

Expert Answer:

Answer The price of the bond is quoted as 13418 which means 134 1832 134... View the full answer

Accounting concepts and applications

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