The quoted price of bond with an actual

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Reference no: EM131077914

It is May 1. The quoted price of a bond with an Actual/Actual (in period) day count and 12% per annum coupon in the United States is 105. It has a face value of 100 and pays coupons on April 1 and October 1. What is the cash price?

Reference no: EM131077914

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