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A $10,000 bond pays coupons at j 2 = 10% every January 2 and July 2. It is purchased on March 16, 2020 to yield

A $10,000 bond pays coupons at j2 = 10% every January 2 and July 2. It is purchased on March 16, 2020 to yield j2 = 11%. The full (or dirty) price of the bond on March 16, 2020 is $9578.38. What would be the price of the bond on the coupon date, January 2, 2020?

  • A.

    $9373.76

  • B.

    $9787.46

  • C.

    $9370.52

  • D.

    $9372.12

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