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Today is April 1 5 , 2 0 2 4 . The quoted price of a U . S . government bond ( day counts

Today is April

15, 2024 .

The quoted price of a U

.

.

government bond

(

day counts in Actual

/

Actual in period

)

with an

8 %

per annum coupon

(

paid semiannually

)

103 - 12 .

The bond matures on July

07, 2035 .

What is the cash price of this bond?

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