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It is August 1st, 2022. You are purchasing a US treasury bond at a quoted price of $97.59 per bond. The US treasury bond has
It is August 1st, 2022. You are purchasing a US treasury bond at a quoted price of $97.59 per bond. The US treasury bond has a 6% annual coupon, paid semi-annually, and its last coupon was paid on March 30th, 2022, 121 days ago. There are 183 days in the bond's current coupon period. What is the full "dirty" or "cash" price you will need to pay to purchase this US treasury bond? $95.61 $97.59 $99.57 $101.56
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