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An investor buys a 10-year corporate bond with a face value of 10,000 and a coupon rate of 3.45%. The current price of this security
An investor buys a 10-year corporate bond with a face value of 10,000 and a coupon rate of 3.45%. The current price of this security is currently quoted in the WSJ as 101.42%. What is the clean price of this bond?
a. 10,345
b. 345
C. 10,000
d. 10,142
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