You plan to buy a bond at a quoted price of $987. The bond has...
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Accounting
You plan to buy a bond at a quoted price of $987. The bond has a 5.0 percent coupon and pays interest semiannually on March 1 and September 1. What's the dirty price of this bond if today is May 1. (Assume a 360-day year.) Please show work if possible
A. $1002.59 B. $995.33 C. $1021.84 D. $987.21
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