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You want to buy a bond that has a quoted price of $923. The bond pays interest semiannually on April 1 and October 1. The
You want to buy a bond that has a quoted price of $923. The bond pays interest semiannually on April 1 and October 1. The coupon rate is 6%. What is the clean price of this bond if today's date is June 1? Assume a 360-day year.
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