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What is the dirty price for this bond

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Reference no: EM132943253

Problem - Suppose that a bond is purchased between coupon periods. The number of days between the settlement date and the next coupon period is 115. There are 183 days in the current coupon period. The purchased bond has a coupon rate of 7.4%, interest is compounded semi-annually, and there are 4 semiannual coupon payments remaining. What is the dirty price for this bond if a 5.6% discount rate is appropriate?

Reference no: EM132943253

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