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It is January 10, 2020. The price of a Treasury bond with a 10% coupon...

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Question

Accounting

It is January 10, 2020. The price of a Treasury bond with a 10% coupon paid semiannually that matures on October 1, 2020 is quoted as 103-55. What is the cash price?

Select one:

a.

The quoted price is 104.718 and the cash price 107.5

b.

The cash price will be equal to the quoted price

c.

The quoted price is 107.5 and the cash price 104.718

d.

The cash price 104.718

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