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What is the flat price of the bond

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Reference no: EM132561806

Question - A corporate bond with a coupon rate of 6% pays interest semiannually and has a maturity date of May 28, 2027. The trade settles on March 20, 2020. The yield to maturity is 11%.

What is the flat (or clean) price of the bond (in percent of par) on the settlement date? Use Excel's PRICE() function. Dates must be entered with Excel's DATE() function.+ decimal places.

Reference no: EM132561806

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