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It is May 1. The quoted price of a bond with a 30/360 day count and 12% per annum coupon in the United States is
It is May 1. The quoted price of a bond with a 30/360 day count and 12% per annum coupon in the United States is 105. It has a face value of 100 and pays coupons on April 1 and October 1. What is the cash price?
Select one:
a.
106.00
b.
106.02
c.
105.98
d.
106.04
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