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Suppose that a corporate bond with a coupon rate of 9.5% maturing on March 1, 2008, is purchased with a settlement date of July 14,
Suppose that a corporate bond with a coupon rate of 9.5% maturing on March 1, 2008, is purchased with a settlement date of July 14, 2000. The next coupon date is September 1, 2000.
Assume 30/360 convention, coupons are paid semi-annually, and par=$100. The market discount rate is 6.3%.
What is the dirty price of the bond?
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