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  3. you are buying a bond at a quoted price of $892. t

You are buying a bond at a quoted price of $892. The bond has a...

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Finance

You are buying a bond at a quoted price of $892. The bond has a 7.5 percent coupon and pays interest semiannually on February 1 and August. (Assume time to maturity is 80 days.)

(1) Find the clean price.

(1) Find the clean price.

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