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A bond with a coupon rate of 6% and a face value of $100. Coupons are paid semi-annually. Suppose there are 65 days to the
A bond with a coupon rate of 6% and a face value of $100. Coupons are paid semi-annually. Suppose there are 65 days to the next coupon payment date. If a bond dealer quotes you a price of 92.1 today, then what is the price you would have to pay to purchase this bond today? Assume a 30/360 day-count convention, and semi-annual compounding. Round your answer to the nearest cent (2 decimal places).
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