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You have purchased a corporate bond with the settlement date on October 15 with the face value of $1000 and the coupon rate 11.99%, that
You have purchased a corporate bond with the settlement date on October 15 with the face value of $1000 and the coupon rate 11.99%, that has a listed price of 118.804 and that pays interest semiannually on February 15 and August 15. Accrued interest is determined using 30/360 convention. How much must you pay for the bond?
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