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28. Davis Industrial bonds have a current market price of $990 and a 6 percent coupon. The bonds pay interest semi-anmially on March 1 and

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28. Davis Industrial bonds have a current market price of $990 and a 6 percent coupon. The bonds pay interest semi-anmially on March 1 and September 1. Assume today is January 1. How many months of accrued interest are included in the dirty price of these bonds? A. Zero B. two C. three D. four E. five 29. A newly issued bond's time to maturity and coupon rate offered (everything else being equivalent) are typically (for example, Company A and Company B are similar in every regard, they are about to issue new bonds, Company A is planning to offer 15-year bond and Company B is planning to offer 30-year bond, assume normal yield curve): A. inversely related. B. uncorrelated. C. positively related. D. independent of each other

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