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What is the settlement price of the bond

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Reference no: EM133062473

You purchase an Australian Commonwealth Government Security (CGS) that has a trade settlement date of Tuesday 15 June 2010. The CGS has a YTM of 7.8%, pays semi-annual coupons on the 15th of the coupon payment month at a rate of 7% p.a. and matures on 15 July 2011. What is the settlement price of the bond?

Reference no: EM133062473

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