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Consider a fixed rate bond, with 1 0 0 face value, paying a coupon of 5 % on a semi - annual basis trading at

Consider a fixed rate bond, with 100 face value, paying a coupon of 5% on a semi-annual basis trading at a dirty price of 105. Suppose that the bond is purchased between coupon periods where the number of days between the purchase date and the next coupon period is 100. Calculate the clean price of the bond assuming an ACT/360 day count convention.

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