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You purchase a bond with a clean price of $1,078. The bond has a coupon rate...

You purchase a bond with a clean price of $1,078. The bond has a coupon rate of 8.50 percent , a face value of $1,000, and there are five months to the next semiannual coupon date. What is the dirty price of this bond?

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Answer #1

Clean price 1,078.00 7.08 1000*8.5%*1/12 ] interest accrued Dirty price add: 1,070.92

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