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1. A dealer is looking to buy the following bond that pays interest semiannualy on Nov 1, 2021 IBM 4.5% Nov 15 2025 @ 96.0

1. A dealer is looking to buy the following bond that pays interest semiannualy on Nov 1, 2021

IBM 4.5% Nov 15 2025 @ 96.0

If he/she plans to buy $10 Million of Face Value of the IBM bond, what is the actual (dirty) price he/she will pay to acquire the bond?

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