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  3. you buy a 6% coupon $1,000 par t-bond 59 days afte

You buy a 6% coupon $1,000 par T-bond 59 days after the last coupon payment....

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Accounting

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You buy a 6% coupon $1,000 par T-bond 59 days after the last coupon payment. Settlement occurs in two days. You become the owner 61 days after the last coupon payment (59+2), and there are 121 days remaining until the next coupon payment. The bond's clean price quote is 120.59375. What is the full or dirty price (sometimes called the invoice price)?

You buy a 6% coupon $1,000 par T-bond 59 days after the last coupon payment. Settlement occurs in two days. You become the owner 61 days after the last coupon payment (59+2), and there are 121 days remaining until the next coupon payment. The bond's clean price quote is 120.59375. What is the full or dirty price (sometimes called the invoice price)

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