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Full Price, Flat Price, and Accrued price. A 5 % bond makes coupon payment on June 15 and Dec. 15 and its trading with a
Full Price, Flat Price, and Accrued price. A 5 % bond makes coupon payment on June 15 and Dec. 15 and its trading with a YTM of 4%. The bond is purchased and will settle on Aug. 21 when there will be 4 coupons remaining until maturity. Calculate the full price of the bond using accrual days.
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