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An 5-year bond with a 2.50% annual coupon has the following price quotes from a dealer. Bid Yield: 1.300% Asked Yield: 1.208% What price does
An 5-year bond with a 2.50% annual coupon has the following price quotes from a dealer.
Bid Yield: 1.300%
Asked Yield: 1.208%
What price does an investor receive in a sale to the dealer? Answer with a whole number rounded to three decimal places, e.g., 102.2379% of par should be entered as 102.238.
The answer is not 101.913%
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