Determine both the clean and dirty prices for the bond

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Question - The current price quote for a $1,000,000 par value Treasury bond with 8 years remaining until maturity and a 3% coupon is 98:05. The bond was sold on October 18, will settle on October 20, and therefore should accrue interest through October 19. Determine both the clean and dirty prices for the bond.

Reference no: EM133177368

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