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Today is February 15, 2011. What is the price at which you can sell your ABC bond if it is quoted at 105% of its
Today is February 15, 2011. What is the price at which you can sell your ABC bond if it is quoted at 105% of its $1,000 face value? Noting that ABC bond pays interest semi-annually, has a coupon rate of 6%, and matures on January 1, 2020 (assume 365 days per year) (pick the nearest answer)
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