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q7 Bond 7's yield is 4.1330%. What is the price quote for bond 7 in the table? (Note: Do not include a dollar sign in
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Bond 7's yield is 4.1330%. What is the price quote for bond 7 in the table? (Note: Do not include a dollar sign in your answer. Include 3 decimal places.)
\begin{tabular}{|c|c|c|c|c|c|} \hline Number & Issuer & \begin{tabular}{c} Coupon \\ Rate \end{tabular} & \begin{tabular}{c} Maturity \\ Date \end{tabular} & \begin{tabular}{c} Settlement \\ Date \end{tabular} & Day count \\ \hline 1 & Apple & 3.250% & 8/8/2029 & 4/17/2023 & 360 \\ \hline 2 & Apple & 3.350% & 8/8/2032 & 4/17/2023 & 360 \\ \hline 3 & Apple & 3.950% & 8/8/2052 & 4/17/2023 & 360 \\ \hline 4 & Apple & 4.100% & 8/8/2062 & 4/17/2023 & 360 \\ \hline 5 & Apple & 3.850% & 5/4/2043 & 4/17/2023 & 360 \\ \hline 6 & Apple & 4.450% & 5/6/2044 & 4/17/2023 & 360 \\ \hline 7 & Apple & 2.500% & 2/9/2025 & 4/17/2023 & 360 \\ \hline \end{tabular}Step by Step Solution
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