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QUESTION
Mary purchased a corporate bond with the settlement date on September 15 with the face value of $1000 and the coupon rate 9.61%, that has a listed...
Mary purchased a corporate bond with the settlement date on September 15 with the face value of $1000 and the coupon rate 9.61%, that has a listed price of 88.411 and that pays interest semiannually on February 15 and August 15. Accrued interest is determined using actual/actual convention. How much must Mary pay for the bond?
