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Assume that Jack buys an 8.00% coupon bond that is paid semiannually and is currently selling at a quoted price of $940. The day that
Assume that Jack buys an 8.00% coupon bond that is paid semiannually and is currently selling at a quoted price of $940. The day that Jack buys the bond is exactly three months after the date of the last coupon payment and three months before the next one. The quoted price of $940 is called the ___________ price. The price that Jack will acutally pay, $_________, is called the _________ price
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