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It is May 25, 2017. The quoted price of a government bond with a 12% coupon is 109-27. The bond matures on July 27, 2034.
It is May 25, 2017. The quoted price of a government bond with a 12% coupon is 109-27. The bond matures on July 27, 2034. What is the cash price (invoice amount) for this bond? Actual days in coupon period: 181 (February had 28 days that year) $113.91 $113.76 O $114.75 $113.34 114.09
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Trade Union Finance
Authors: Marick F. Masters, Raymond Gibney
1st Edition
1032371382, 978-1032371382
