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PLEASE SHOW ALL WORK You buy a 6% coupon $1,000 par T-bond 59 days after the last coupon payment. Settlement occurs in two days. You
PLEASE SHOW ALL WORK
You buy a 6% coupon $1,000 par T-bond 59 days after the last coupon payment. Settlement occurs in two days. You become the owner 61 days after the last coupon payment (59+2), and there are 121 days remaining until the next coupon payment. The bond's clean price quote is 120:19. What is the full or dirty price (sometimes called the invoice price)Step by Step Solution
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