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Could someone help? 2. The following shows the information of an investment-grade bond when it was issued in 2017. Type of Bond Issue Date Maturity
Could someone help?
2. The following shows the information of an investment-grade bond when it was issued in 2017. Type of Bond Issue Date Maturity Date Face Value Coupon Rate Corporate bond April 28, 2017 April 28, 2027 $100 6.8% payable semiannually The bond is redeemable at par and coupons are payable on October 28 and April 28 every year. An investor purchased the bond on October 28, 2017 immediately after the coupon was paid at a purchase price of $96.75 under the prevailing interest rate, and sold the bond on March 15, 2018. Assuming that the market interest rate is constant in the holding period, calculate the bond's dirty price on March 15, 2018. What is the listed priceStep by Step Solution
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