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Consider a 6 7/8 bond, maturing 8/15/94, trading with a yield of 3.504% (annualized) for settlement 2/15/94. Calculate the trading price of this bond (M

Consider a 6 7/8 bond, maturing 8/15/94, trading with a yield of 3.504% (annualized) for settlement 2/15/94. Calculate the trading price of this bond (M = 100,000).

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