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A $1,000 bond with 8% semi-annual coupons is being sold 3 years and 1.5 months before the bond matures. If held to maturity, the purchase
A $1,000 bond with 8% semi-annual coupons is being sold 3 years and 1.5 months before the bond matures. If held to maturity, the purchase will yield 6% convertible semi-annually to the buyer. Determine the full price, accrued coupon, and clean price.
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