What is the total price you must pay for the bond

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Reference no: EM131993209

The October 11, 2016, quoted price of a bond with a coupon rate of 4.5%, payable semi-annually, maturing on March 1, 2019, is 990.If you buy the bond on October 11, 2016, what is the total price you must pay for the bond? The last coupon date was July 01, 2016 and the next coupon date is December 31,2016.

Reference no: EM131993209

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