Calculate the dirty price and clean price

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Reference no: EM132968952

-Similar bonds have a yield of 10% -Coupon rate is 8% and these are paid semi-annually.

1. Calculate the Dirty Price and Clean Price for a bond with the following features:

-Settlement date is today.

-The next coupon date is 30 June 2021.

-Bond matures on 30 June 2024.

2. What is the maximum yield (%) that would make the bond trade at a premium? (clean price at least R1001).

Reference no: EM132968952

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