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Please show all work and explain each step (and each formulas used). Do NOT use Excel. A bond with a 10% coupon paid semiannually every

Please show all work and explain each step (and each formulas used).

Do NOT use Excel.

A bond with a 10% coupon paid semiannually every January 1st and July 1st is quoted as selling at an ask price of 1025.5 . If you buy the bond from the dealer today (April 5th ), what price will you pay for it

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