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Question
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 percent. What is the clean price of this bond if today's date is June 1? Assume a 360-day year.A. $927.62
B. $923.00
C. $923.23
D. $936.85
E. $1,076.83
Answer
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Related questions
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