What price will you pay for it

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Suppose that today's date is April 15. A bond with a 6.0% coupon paid semiannually every January 15 and July 15 is listed in The Wall Street Journal as selling at an ask price of 101:06. If you buy the bond from a dealer today, what price will you pay for it? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Reference no: EM13787384

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