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A 6-Year,$1,000 Face Value Bond Issued by Taylor Tools Pays

Question 63

Multiple Choice

A 6-year,$1,000 face value bond issued by Taylor Tools pays interest semiannually on February 1 and August 1.Assume today is October 1.What will the difference,if any,be between this bond's clean and dirty prices today?


A) no difference
B) one month's interest
C) two month's interest
D) four month's interest
E) five month's interest

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