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Suppose that today's date is April 15. A bond with a 12% coupon paid semiannually every January 15 and July 15 is listed in The

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Suppose that today's date is April 15. A bond with a 12% coupon paid semiannually every January 15 and July 15 is listed in The Wall Street Journal as selling at an ask price of 103 percent, par value = 1000. If you buy the bond from a dealer today, what price will you pay for it (assume 91 days from Jan 15-April 15)

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