1. Calculate the Dirty Price and Clean Price for a bond with the following features:...
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Accounting
1. Calculate the Dirty Price and Clean Price for a bond with the following features:
-Settlement date is today.
-Similar bonds have a yield of 10%
-Coupon rate is 8% and these are paid semi-annually.
-The next coupon date is 30 June 2021.
-Bond matures on 30 June 2024.
2. What is the maximum yield (%) that would make the bond trade at a premium? (clean price at least R1001).
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