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Bond B, described below, is sold for settlement on October 1. Coupon payment frequency: Semiannual Day-count convention: 30/360 Annual Yield-to-Maturity: 4% Interest payment Dates 10
Bond B, described below, is sold for settlement on October 1.
Coupon payment frequency: Semiannual
Day-count convention: 30/360
Annual Yield-to-Maturity: 4%
Interest payment Dates 10 January and 10 June
Accrued interest: $1.85
PV as of the last coupon payment was: $106.47
Given the information above,
Determine Bond Bs full price ____ Answer to the nearest cent.
Determine Bond Bs flat price ____ Answer to the nearest cent.
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