Homework Answers
Hello Sir/ Mam
YOUR REQUIRED ANSWER IS $67.59
Clean Price means a price which does not involve any accrued interest.
Hence,
Periods = 26*4
YTM = 14.14%/4
Coupon = 9.43%/4
FV = $100
Using excel funciton, "=PV(14.14%/4,26*4,-100*9.43%/4,-100,0)", we get Clean Price = $67.59
Thanks!
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