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  3. imagine a bond pays a coupon of $6 per year, which

Imagine a bond pays a coupon of $6 per year, which is paid out in...

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Accounting

Imagine a bond pays a coupon of $6 per year, which is paid out in two installments (i.e., once half a year). The bond is currently quoted at a price of $80 at the exchange. Using a 30/360 day/year convention, how much does an investor have to pay to buy the bond if the last coupon payment was 130 days ago (in $)?

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