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The price of a bond excluding accrued interest is called the clean price. The bond price that includes the accrued interest is called the

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The price of a bond excluding accrued interest is called the "clean price". The bond price that includes the accrued interest is called the "dirty price". A simple (so-called "back-of-the-envelope") calculation of the clean price is: clean price= dirty price accrued interest. A German corporate bond is bought on 18 June 2021. The bond makes semi-annual coupon payments on 19 March and 19 September of each year and matures on 19 September 2026. The coupon rate is 6% per year. Given that the dirty price of the bond is P=103.108770, calculate the accrued interest and the clean price under the 30/360 day count convention.

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