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A corporate bond with a coupon rate of 7% pays interest semiannually and has a maturity date of May 28, 2030. The trade settles on
A corporate bond with a coupon rate of 7% pays interest semiannually and has a maturity date of May 28, 2030. The trade settles on March 20, 2023. The yield to maturity is 10%. Attempt 1/5 for 10 pts. Part 1 What is the flat (or clean) price of the bond (in percent of par) on the settlement date? Use Excel's PRICE() function. Dates must be entered with Excel's DATE() function. 0+ decimals
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