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Consider a Corporate Bond with a $1,000 Face Value,10% Coupon

Question 91

Multiple Choice

Consider a corporate bond with a $1,000 face value,10% coupon with semiannual coupon payments,5 years until maturity,and which currently is selling for (has a cash price of) $1,113.80.The next coupon payment will be made in 63 days and there are 182 days in the current coupon period.The clean price for this bond is closest to:


A) $1,146.50
B) $1,065.70
C) $1,113.80
D) $1,081.10

Correct Answer:

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