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Question
Davis Industrial bonds have a current market price of $990 and a 6 percent coupon. The bonds pay interest semi-annually on March 1 and September 1. Assume today is January 1. How many months of accrued interest are included in the dirty price of these bonds?A. zero
B. two
C. three
D. four
E. five
Answer
This answer is hidden. It contains 16 characters.
Related questions
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