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A 5 year bond is issued with a 3% coupon. 2 years and 57 days after issued, the owner decides to sell it. Calculate the
A 5 year bond is issued with a 3% coupon. 2 years and 57 days after issued, the owner decides to sell it. Calculate the clean and dirty prices of the bond. Take into account a relevant interest rate of 2.67%. (Consider for calculations one year = 360 days, one month = 30 days).
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