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3 It is May 15, 2011. The quoted price of a government bond with a 12% coupon that matures on July 17, 2014, is 110-23.

image text in transcribed 3 It is May 15, 2011. The quoted price of a government bond with a 12% coupon that matures on July 17, 2014, is 110-23. What is the cash price? The number of days between January 17, 2011 and May 15, 2011 is The number of days between January 17, 2011 and July 17, 2011 is The accrued interest is therefore The quoted price is $ The cash price is therefore $ (please round your answer to FOUR decimal places) (please round your answer to FOUR decimal places) (please round your answer to FOUR decimal places)

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