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A semi-annual corporate bond with a coupon rate of 6% is quoted at $1013.20 today. The number of days in each coupon period is 180.
A semi-annual corporate bond with a coupon rate of 6% is quoted at $1013.20 today. The number of days in each coupon period is 180. It has been 75 days since the last coupon was paid. What price do you need to pay if you were to buy this bond today?
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
