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On September 1, 2012, an investor purchases a $10,000 par T-bond that matures in 8 years. The coupon rate is 8 percent and the investor
On September 1, 2012, an investor purchases a $10,000 par T-bond that matures in 8 years. The coupon rate is 8 percent and the investor buys the bond 45 days after the last coupon payment (135 days before the next). The ask yield is 7 percent. The dirty price of the bond is? Need to show your steps.
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