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Question 27 10 pts Explain in general a bond's (a) clean price; (b) dirty price; and (c) accrued interest. Please also indicate clearly which price

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Question 27 10 pts Explain in general a bond's (a) clean price; (b) dirty price; and (c) accrued interest. Please also indicate clearly which price is the quoted price in the bond markets [(a) or (b) or both or neither] and which price the buyer has to pay at the settlement of the transaction. You have just purchased a bond with a coupon of 6.50% and a clean price of $1,086. The bond makes semiannual interest payments and has a face value of $1,000. The next semiannual coupon payment is due in two months. Calculate the bond's (d) accrued interest and (e) the invoice price. (10 points)

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