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You buy a 5% coupon $1,000 par T-bond, 20 years to maturity and become the owner 120 days after the last coupon payment, and there
You buy a 5% coupon $1,000 par T-bond, 20 years to maturity and become the owner 120 days after the last coupon payment, and there are 62 days remaining until the next coupon payment. The bonds clean price YTM is 6%. What is clean price on this bond, nearest cents?
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