You become the owner of a bond with twenty years to maturity and has a...
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Finance
You become the owner of a bond with twenty years to maturity and has a 51,000.00 par value. The bond has a yield-to-maturity of 9.00% and a coupon rate of 700%. It has been 112 days since the last coupon payment. There are 70 days remaining until the next coupon payment. The bond's clean ask price is $815984 and its clean bid price is $81.3536. Approximately how much did you have to pay for the bond
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