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On September 1, 2022, an investor purchases a $10,000 par T-bond that matures in 12 years. The coupon rate is 4.4% and the investor buys
On September 1, 2022, an investor purchases a $10,000 par T-bond that matures in 12 years. The coupon rate is 4.4% and the investor buys the bond 70 days after the last coupon payment. The next coupon payment will be made on February 28, 2023 (180 days after the last coupon payment). The yield to maturity on the day of purchase is 4.8%. Find the dirty price of the bond. (Hint: First, find the clean price based on the information given.) $9,197.08 $9,554.75 $9,998.99 $9,313.75 $9,723.87
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