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Posted on Sep 23, 2024

You buy a 7 . 2 5 % coupon, $ 5 , 0 0 0 par value bond at a price of 9 9 %

You buy a

7.25 %

coupon, $

5, 000

par value bond at a price of

99 %, 73

days into the interest period. If the broker's commission is $

40,

how much does the trade cost you including accrued interest?

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