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Calculate the clean (flat) price of a bond, assuming the following. Transaction settlement date is...

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Accounting

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Calculate the clean (flat) price of a bond, assuming the following. Transaction settlement date is 2-15, 2018. Bond maturity date is 9-30, 2020. Par = $100. Coupon rate is 5%, and coupons are paid semi-annually. The bond is trading at a YTM of 7%. The day-count convention is 30/360. Assume semi-annual interest compounding. Round your answer to the nearest cent (2 decimal places)

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