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Suppose that todays date is April 15. A corporate bond with a 5% coupon paid semiannually every January 15 and July 15 is quoted as
Suppose that todays date is April 15. A corporate bond with a 5% coupon paid semiannually every January 15 and July 15 is quoted as selling at an ask price of 101.2188. The bond has a face value of $1,000. If you buy the bond from a dealer today, what price will you pay for it? Assume 30/360 day count convention.
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