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Suppose that a corporate bond_with a coupon rate of 11.9% maturing in March 1, 2007 is purchased with a settlement date of July 17, 2000.
Suppose that a corporate bond_with a coupon rate of 11.9% maturing in March 1, 2007 is purchased with a settlement date of July 17, 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 7.0%. What is the dirty price of the bond? Round your answer to two decimal places. e.g. if your answer is 94.245, write down 94.25
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