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Consider a bond which pays a 8% coupon payment that is paid semiannually. The face value is $10,000 and the clean price is $10,100. The
Consider a bond which pays a 8% coupon payment that is paid semiannually. The face value is $10,000 and the clean price is $10,100. The most recent coupon payment of $400 was paid 40 days ago. The next coupon payment will be made in 144 days.
Compute the accrued interest owed to the seller if settlement occurred today.
Compute the dirty price of the bond.
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