Multiple Choice
A $10,000 bond matures on January 1,2020.It pays semi-annual coupons.It is purchased on February 1,2010 to yield j2 = 11%.The full (or dirty) price of the bond on February 1,2010 is $9578.38.What would be the price of the bond on the coupon date,January 1,2010?
A) $9489.00
B) $9490.95
C) $9666.18
D) $9668.81
Correct Answer:
Verified
Correct Answer:
Verified
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