Points in time between coupon payments

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A 10-year bond with a face value of $3000 is redeemable at par and earns interest at j1 = 12%. If the yield rate is j1 = 13.5%, find the full (or dirty) price of the bond 5 months after the payment of coupon number 4.

Use compound interest for points in time between coupon payments.

Reference no: EM132410945

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